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  • Does pinnacle Bidco own Pure Gym limited?

    This would leave Pinnacle Bidco Plc, which owns Pure Gym Limited through various intermediate holdings, with no financial headroom under its 'B' Issuer Default Rating (IDR).

  • Is PureGym the UK's largest private gym operator?

    PureGym is the UK’s largest private gym operator, both by number of gyms and members. As of 30 September 2023, the Group operated 362 UK gyms (Q3 2022: 317 gyms) with 1,465,000 members (Q3 2022: 1,216,000). Having rebranded from Fitness World earlier this year, PureGym is also the leading operator in Denmark, both by number of gyms and members.

  • Will Fitness World's EBITDA margin be lower than pure gym?

    However, we expect that the combined entity's profitability (Fitch-defined EBITDA margin around 26%) will be lower than Pure Gym's standalone profile (Fitch-estimated FY19E: 28.2%) given Fitness World's higher share of staff costs, not as digitally-driven as Pure Gym.

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