- TeamSport currently operates 43 sites across the UK and Europe, with plans for nine new sites by 2028;
- It is backed by Duke Street Capital which acquired the business in November 2017 when it had 20 sites;
- The business leads on sustainability, and is committed to continued electrification of tracks;
- The transaction marks OakNorth’s continued expansion in the premium, multi-site activity-led leisure space, with other customers including F1 Arcade.
London, Monday 24th November, 2025: OakNorth – the digital bank for entrepreneurs, by entrepreneurs – has provided a £5m RCF to TeamSport Indoor Karting, the UK and Europe’s largest indoor go-karting operator, to support working capital and expansion activity across its 43-site estate.
Founded in 1992 and backed by Duke Street Capital, TeamSport has doubled in size from 20 sites at the point of acquisition in 2017 to 43 today, including locations in Germany and the Netherlands. The business has evolved into a multi-activity leisure destination, offering not just premium indoor karting, but also mini-golf, laser tag, arcades, VR, and high-quality food and beverage options.
TeamSport’s strategy is focused on electrification, sustainability, and experience enhancement. It currently operates 19 electrified tracks, with the full estate expected to convert by 2027. Its partnership with Totally Charged is rolling out solar panels and EV charging stations across the UK estate, cutting energy costs and emissions. The group also boasts an industry-leading Net Promoter Score (NPS) of +75, driven by a strong brand, repeat visitors, and consistent investment in customer experience.
Will Shaw, Investment Manager at Duke Street, commented: “The UK go-karting sector is highly fragmented, comprising more than 200 mainly independent, single-site operators. TeamSport’s next largest competitor has six sites, providing it with a significant relative market share. We’re delighted to welcome OakNorth as a funding partner at this exciting stage of TeamSport’s growth – their ability to understand the sector and offer a flexible, fast-moving solution made them a great fit.”
Stuart Blair, Senior Director of Debt Finance at OakNorth, added: “TeamSport is a category-defining brand with unmatched scale, quality, and loyalty in the indoor karting space. The business has consistently delivered revenue and EBITDA growth, underpinned by a strong management team and a clear roll-out strategy. We’re proud to be part of the journey as the group continues to redefine experiential leisure across the UK and Europe.”
ENDS
Notes to editors
About OakNorth
Launched in September 2015 and founded by entrepreneurs, OakNorth is a digital bank focused on serving and empowering the lower mid-market (businesses with £1m-£100m in turnover), that are seeking to scale but are routinely underserved or overlooked by traditional banks.
To date, it has provided $18bn to these businesses across a wide range of sectors, achieving performance metrics that place it amongst the top 1% of commercial banks globally. Its loans have directly contributed to the creation of 61,000 jobs, and over 36,000 new homes across the UK and the US – the majority of which are affordable and social housing.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.
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