Pure Gym to work out London stock market listing

The chain has 163 gyms, together with forty inside the M25, and quite 780,000 members World Health Organization pay regarding £20 a month.
The low monthly fee has helped Pure gymnasium to draw in customers from costlier operators, likewise as newcomers to figuring out.
The company was supported in 2008 by enterpriser Peter Roberts.
Pure gymnasium was bought in might 2013 by a bunch of investors and senior managers and enlarged 2 years later by taking up the LA Fitness chain.
Its gyms square measure open twenty four hours on a daily basis, have negligible staffing and don't lock customers into 12-month contracts.
Tony Ball, chairman, aforementioned its growth from a start-up to United Kingdom of Great Britain and Northern Ireland market leader these days may be a "story of disruption and shows however entrepreneurial vision will build real business success".
"Our undefeated model created|is constructed} around our members' wants and it's made gymnasium membership accessible for many thousands of individuals ... i'm massively excited regarding its potential for the longer term," he said.
Humphrey Cobbold, chief government of Pure gymnasium, aforementioned the listing would any raise Pure Gym's profile by building whole awareness and reward workers.
"As well as gap additional gyms, we are going to still invest in technology and also the innovation it supports," he said.
Pure denote a fifty one rise in revenue for the six months to thirty Gregorian calendar month to £76.6m and a twenty third increase in adjusted profits to £16.5m.
The company believes the united kingdom budget gymnasium market will double in size to 950 sites within the returning years, with between three.5 million and four.5 million members - up from one.9 million as of March 2016.
Record high
It plans to open regarding thirty eight gyms this year, twenty five to thirty in twenty17 and 20 to twenty five new sites a year thenceforth.
The number of United Kingdom of Great Britain and Northern Ireland gymnasium members hit a record nine.2 million this year, that means a record one in seven individuals belong to a fitness club, with simply over half-dozen,400 gyms.
In 2014 Pure gymnasium tried to merge with discount rival The gymnasium cluster, however the deal was abandoned once the competition regulator raised objections.
Pure GymImage copyrightPURE gymnasium
Upmarket operator Virgin Active was bought by South African investment cluster Brait in 2015 for £682m.
In Gregorian calendar month Brait declared that thirty five clubs would be oversubscribed to altruist Health, going it with sixty oneUnited Kingdom of Great Britain and Northern Ireland sites.
Virgin Active charges regarding £130 a month for membership,
The gymnasium market has featured similar pressures to the retail sector, with those at very cheap and prime thriving, whereas those within the middle suffering.
Fitness 1st - one in all the squeezed mid-market operators - may be choppy, with JJB Sports founder Dave Whelan taking over most of its seventy sites, Sky News reportable.
The others may be bought by The gymnasium cluster and GLL, the charitable social enterprise established by Greenwich council within the Nineties that operates council-owned gyms and pools beneath the higher whole.