Xercise4Less plans more gym openings

The business, which has its headquarters in Leeds, grew total sales to £21.9m in the 12 months to July 2015, up from £12m in its previous financial year.

As a result of its organic roll-out, Xercise4Less now operates 35 gyms and has an increasing national coverage with sites across the north of England, the Midlands, the South West, Scotland and Wales. In August last year, it opened its first gym inside the M25 in Hounslow.

In the next phase of growth, founder and CEO Jon Wright and his management team plan to accelerate the roll-out of the chain, and expect to open a further 15 to 20 gyms across the UK in the next 12 months.

Founded in 2006 by ex-rugby player Mr Wright, Xercise4Less started as a single unit in 
Castleford, West Yorkshire, and now employs more than 600 people.

The acceleration of the company’s growth strategy is being funded by BGF, which first invested in the business in August 2013, when it had nine gyms and revenues were around £6m.