JD SPORTS GYMS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have performed a going concern assessment for the period to January 2027, including preparation of profit forecasts and consideration of the cash position of the Company. The Directors have prepared severe but plausible downside scenarios which cover the same period as the base case, taking account of reasonably possible downsides and the anticipated impact of the 'cost of living crisis' on the operations and its financial resources, as well as specific consideration of a range of impacts that could arise from another significant public health event which would impact the Company's ability to operate from its gym sites, both at a local and national level. In addition, the company is in receipt of a letter of support from its immediate parent Company, JD Sports Fashion Plc, to meet its liabilities as they fall due for that period, recognising that the company is in a net current liabilities position. The Company's immediate parent has considerable financial resources, with access throughout the forecast period to a £700 million syndicated committed borrowing facility as at the date of signing these accounts (of which £36 million was drawn down as at 1 February 2025). The Directors have considered the factors noted above and are confident that the Company has adequate resources to continue to meet all liabilities as and when they fall due for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis.”

Group structure

1. JD SPORTS GYMS LIMITED · parent
   1. JD Sports Gyms Acquisitions Limited 100% · UK · Dormant
   2. X4L Gyms Limited 100% · UK · Dormant

Significant events

• “The Company opened eight additional sites during the year (2024: eight) and continues to roll out the JD Gyms concept into new regional markets within the UK. The eight openings in the financial period ending 1 February 2025 include the acquisition of four 'Simply Gym' sites, three of which were subsequently converted to the JD Gyms concept in August 2024.”
• “On 18 March 2024, the company acquired the trade and assets of four 'Simply Gym' sites from Bay Leisure Limited for £3.4 million. The consideration included £1.6 million for fixed assets, with the remaining £1.8 million allocated to goodwill.”
• “The Company finished the period with 92 sites (2024: 85) and approximately 572,000 members (2024: 536,000).”
• “On 16 October 2024, the company sold back it's 60% shareholding in Total Swimming Holdings Limited to the minority shareholders for cash consideration of £7.2 million, in addition to management waiving their right to contractual contingent consideration of £2.0 million.”
• “On 28 October 2024, JD Sports Fashion Plc acquired a further 2.5% minority shareholding in the company, from the director Mr. A Peacock. Total consideration paid was £4.7 million. Following this transaction, JD Sports Fashion Plc now owns 97.5% of the ordinary share capital of the company.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +21.1%

  £100,877,000 → £122,141,000

• Cash

  -71.4%

  £9,922,000 → £2,840,000

• Net assets

  +379%

  £7,976,000 → £38,206,000

• Employees

  +26.1%

  954 → 1,203

• Operating profit

  +496.5%

  £7,425,000 → £44,290,000

• Profit before tax

  +131,055.2%

  -£29,000 → £37,977,000

• Wages

  +21.8%

  £16,019,000 → £19,508,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers