|
Get Full Access To This Report | or | Upgrade to PrivCo Premium |
| $99 Single Company Access | Instant Full Site-Wide Access Currently 50% Off Until May. 31! |
Fitness First Holdings Ltd.
Business Summary
Fitness First is a privately-held, private equity backed fitness club operator. Founded in 1993, Fitness First is headquartered in Poole, United Kingdom. Fitness First operates fitness clubs in the United Kingdom, Asia and Australia.
Overview & Corporate Organization
Basic Information
| Company Tags: | PE Backed |
| Year Founded: | 1993 |
| Fiscal Year End: | 10/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| Address: | 58 Fleets Lane |
| City: | Poole |
| State/Province: | Dorset |
| Country: | United Kingdom |
| Phone: | View |
| Website: | www.fitnessfirst.co.uk |
Corporate Organization
| Subsidiaries: | Fitness First Australia Pty Limited Fitness First For Women Ltd. Fitness First Limited |
| Brands: | Fitness First Group Ltd |
| Founders: | Christopher Pearce Mike Balfour |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Hospitality & Leisure > Athletics & Recreation |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Ownership
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Balance Sheet | 2012 | 2011 | 2010 |
| Current Assets | View | View | View |
| Cash and Cash Equivalents | View | View | View |
| Accounts Receivable | View | View | View |
| Inventory | View | View | View |
| Non-Current Assets | View | View | View |
| Property, Plant and Equipment | View | View | View |
| Long Term Investments | View | View | View |
| Deferred Tax Assets | View | View | View |
| Intangible Assets | View | View | View |
| Other Non-Current Assets | View | View | View |
| Total Assets | View | View | View |
| Current Liabilities | View | View | View |
| Accounts Payable | View | View | View |
| Short Term Debt | View | View | View |
| Non-Current Liabilities | View | View | View |
| Long Term Debt | View | View | View |
| Total Liabilities | View | View | View |
| Stockholders Equity | View | View | View |
| Cash Flow Statement | 2012 | 2011 | 2010 |
| Cash Flow From Operating Activities | View | View | View |
| Cash Flow From Investing Activities | View | View | View |
| Cash Flow From Financing Activities | View | View | View |
| Total Cash Flow (Net Change in Cash) | View | View | View |
| Income Statement | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
| Revenues | View | View | View | View | View | £401,224,000 | £355,548,000 | ||
| Total Operating Expenses | View | View | View | ||||||
| Operating Income (Loss) | View | View | View | View | View | £40,176,000 | £37,479,000 | ||
| EBITDA | View | View | View | View | |||||
| EBIT | View | View | View | £5,626,000 | £15,562,000 | ||||
| Net Income (Loss) | View | View | View | (£2,793,000) | £5,514,000 | ||||
| Other One-Off Income | View1 | View |
| Financial Notes: | |
| * | Fitness First Holdings Ltd. fiscal year end: 10/31 |
| 1 | Relates to loans waived... read more. |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Fitness First Holdings Ltd. financials to Excel and create your own graphs.)
To view the graphs below, unlock this company report for $99 or Upgrade to a PrivCo Premium Subscription for site-wide access to all PrivCo private company research reports.
Fitness First Holdings Ltd. Current Assets (£ MM, GBP): |
Fitness First Holdings Ltd. Cash and Cash Equivalents (£ MM, GBP): |
Fitness First Holdings Ltd. Accounts Receivable (£ MM, GBP): |
Fitness First Holdings Ltd. Inventory (£ MM, GBP): |
Fitness First Holdings Ltd. Non-Current Assets (£ MM, GBP): |
Fitness First Holdings Ltd. Property, Plant and Equipment (£ MM, GBP): |
Fitness First Holdings Ltd. Long Term Investments (£, GBP): |
Fitness First Holdings Ltd. Deferred Tax Assets (£ MM, GBP): |
Fitness First Holdings Ltd. Intangible Assets (£ MM, GBP): |
Fitness First Holdings Ltd. Other Non-Current Assets (£ MM, GBP): |
Fitness First Holdings Ltd. Total Assets (£ MM, GBP): |
Fitness First Holdings Ltd. Current Liabilities (£ MM, GBP): |
Fitness First Holdings Ltd. Accounts Payable (£ MM, GBP): |
Fitness First Holdings Ltd. Short Term Debt (£ MM, GBP): |
Fitness First Holdings Ltd. Non-Current Liabilities (£ MM, GBP): |
Fitness First Holdings Ltd. Long Term Debt (£ MM, GBP): |
Fitness First Holdings Ltd. Total Liabilities (£ MM, GBP): |
Fitness First Holdings Ltd. Stockholders Equity (£ MM, GBP): |
Fitness First Holdings Ltd. Cash Flow From Operating Activities (£ MM, GBP): |
Fitness First Holdings Ltd. Cash Flow From Investing Activities (£ MM, GBP): |
Fitness First Holdings Ltd. Cash Flow From Financing Activities (£ MM, GBP): |
Fitness First Holdings Ltd. Total Cash Flow (Net Change in Cash) (£ MM, GBP): |
Fitness First Holdings Ltd. Revenues (£ MM, GBP): |
Fitness First Holdings Ltd. Total Operating Expenses (£ MM, GBP): |
Fitness First Holdings Ltd. Operating Income (Loss) (£ MM, GBP): |
Fitness First Holdings Ltd. EBITDA (£ MM, GBP): |
Fitness First Holdings Ltd. EBIT (£ MM, GBP): |
Fitness First Holdings Ltd. Net Income (Loss) (£ MM, GBP): |
Fitness First Holdings Ltd. Other One-Off Income (£ MM, GBP): |
Fitness First Holdings Ltd. Total Employees: |
Fitness First Holdings Ltd. Productivity (Revenue/Employee) (£, GBP): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Apr. 2003 | Completed | Fitness First Holdings Ltd.1 | Cinven Ltd. Fitness First management team | Acquisition Leveraged Buyout (LBO) Management Buyout (MBO) Take Private | £204,000,000 |
| Details | Sep. 2005 | Completed | Fitness Exchange Ltd.2 | Fitness First Holdings Ltd. | Acquisition Add-On | Unspecified |
| Details | Sep. 2005 | Completed | Fitness First Holdings Ltd. | BC Partners Ltd. | Secondary Sale Acquisition Leveraged Buyout (LBO) Majority Acquisition | £835,000,000 |
| Details | Apr. 2012 | For Sale | View3 | View | Acquisition Asset Sale | View |
| Details | Jun. 2012 | Completed | View4 | View | Acquisition Debt/Equity Swap Majority Acquisition | View |
| Details | Jun. 2012 | For Sale | View | View | Acquisition Asset Sale | View |
| Details | Sep. 2012 | Completed | View | View | Acquisition Asset Sale | View |
| 1 | The management team would invest GBP 18M for an 18% stake in the new business. - Details → |
| 2 | The Fitness Exchange portfolio consisted of 10 clubs, nine of which are in Central London.All 10 of the Fitness Exchange clubs were rebranded and benefited from more than £4m of investment, which went go towards improving both the facilities and equipment. - Details → |
| 3 | Fitness First is looking to...Read More → |
| 4 | The lenders will own over...Read More → |
Full-length notes are available with Single Report Access or PrivCo Premium Subscription. |
Missing a deal? Tell us about it! tips@privco.com
Public / Private History (PPH™)
| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Apr. 2003 | Acquisition Leveraged Buyout (LBO) Management Buyout (MBO) Take Private | Take Private | Private2 | £402,000,000 | ||
| Details | Oct. 2011 | View | View | View1 | View | View | View |
| 1 | Fitness First postponed its...Read More → |
| 2 | The management team would invest GBP 18M for an 18% stake in the new business. - Details → |
Full-length notes are available with Single Report Access or PrivCo Premium Subscription. |
Detailed Business Description: Fitness First Holdings Ltd.
Fitness First generates revenue through monthly membership fees paid by club members. Membership prices vary upon the location of the gym. Fitness First is also a franchiser of its business model in the Middle East, and collects franchise fees from its franchisees.
Fitness First has had significant success in rapid expansion with the help of financial sponsors, leveraging its existing businesses and adopting its business model in new markets. However, this expansion model is flawed, as Fitness First's consumer-centric business model is heavily dependent on economic performance.
Under the ownership of BC Partners, Fitness First's second private equity owner in the past decade, Fitness First was heavily levered and its attempts to expand backfired when the global economy went into recession. Memberships declined at a massive scale as consumers cut back excess spending, and attempts at an IPO for financing failed due to the company's risky balance sheet and… Continue Reading →
Exhibits
Supplemental Resources
|
Get Full Access To This Report | or | Upgrade to PrivCo Premium |
| $99 Single Company Access | Instant Full Site-Wide Access Currently 50% Off Until May. 31! |








