Getting in shape for growth

Barclays is helping PureGym’s growth by spending time with the team to understand the ambitions of the company. 

We meet Humphrey Cobbold, CEO and Alex Wood, CFO, to hear how PureGym continues to innovate and find new ways to grow the business. 

  • Founded in 2009, PureGym is already the UK’s largest leisure, gym and fitness operator, with over two hundred gyms and over a million members*.

  • PureGym offers a simple, yet successful business model, offering a great product at an affordable price, 24/7.

  • Having banked PureGym from the early days, Barclays has been a financial partner, supporter and sounding board for the business.

It’s very obvious now that Barclays would want to support a business that’s the largest operator in the UK, but it wasn’t obvious at the start. There were many people saying the business was doomed to fail. It’s a real credit to Barclays that they saw the potential in the business, and backed it from the beginning.

Humphrey Cobbold

CEO, PureGym

Lawrence Gaston-Chaney, Director, Debt Finance, brings to life the products and services we’ve provided to support PureGym. 

  • To help fuel PureGym’s consistent year on year growth, Barclays has supported the coordination of core financing and a number of acquisitions, allowing PureGym to accelerate expansion into new local markets and re-invest into these sites under the PureGym brand.

  • Barclays is looking forward to continuing to support PureGym’s growth in the UK and their next strategic ambition, which is to expand internationally.

Barclays has been a very constant source of support. They’ve been involved in seven or eight different rounds of financing.

Alex Wood

CFO, PureGym

*Numbers correct 2019

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