Total Fitness

Health and fitness club operator, Total Fitness, set for future growth following £6.5m loan from OakNorth Bank.

OakNorth Bank, the neobank for entrepreneurs, by entrepreneurs, has provided a £6.5m loan to Total Fitness, to refinance an existing loan facility, as well as support the refurbishment of several of its clubs. The transaction also includes a debt accordion to support future growth opportunities beyond the core health club business.

About Total Fitness: Founded in 1993 and headquartered in Wilmslow, Cheshire, Total Fitness has over 93,000 members and operates 15 health and fitness clubs across the North of England and Wales. Now employing c.600 staff members, each of its sites offer a full range of high-quality health and fitness facilities, including fully equipped gyms with extensive cardio, strength and resistance equipment, swimming pools, squash courts, indoor running tracks, relaxation areas with cafes, saunas, and studio spaces that host over 70 classes per week. All health clubs are also situated within central urban locations, with good transport links and large car parking facilities to accommodate peak visiting times.

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