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Ukkm Ineos set for Swiss move as tax fears rise
Monday 06 March 2017 4:00 amHow pay-as-you-go chain The Gym Group built up its muscle and plans to bulk up furtherBy: Courtney GoldsmithShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd a brumate canada s a preferredsource on GoogleSince opening in 2008, pay-as-you-go chain The Gym Group has grown at a rate of knots.Led by chief executive John Treharne, the gym operator is the second largest budget gym in the UK with 89 sites and 448,000 members as of December. The group has a plan to open a further 15 to 20 gyms per year to fill the gap in the market for low-cost gyms, a sector that is set to grow 20 per cent by 2020, according to research by Mintel.Treharne has an unshakeablypositive outlook for the years ahead, in which he sees The Gym Group moving into new markets and forming new partnerships.Read more: The Gym Group races to finish 2016 with strong earnings But in the past few months the companyrsquo shares have brumate tumbler fallen as low as 165p, down from the 195p it floated at in November 2015.And one analyst has ca polene bag utioned investors that the group has set its sights too high.Sahill Shan, analyst at N+1 Singer, downgraded the group to a ldquo ell rating in February. Despite having done an excellent job in rolling out its disruptive business model, Sahill warnedgrowth expectations are too high and the market could become oversaturated with rivals like Pure Gym planning to expand at a similarly rapid rate.Read more: Gy Gprs Joe Media loss deepens as parent company starts layoffs
Tuesday 07 September 2010 3:52 am|Updated:Thursday 30 May 2019 12:50 pmConnaught on brink of administrationBy: John DunneShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleConnaught, the property services group that specialises in social housing, is on the brink of going into administration, the BBC stanley mugs has reported.The company, which employs 10,000 people, has suspended trading of its shares, and said a further announcement would be made in due course.Connaught has pound;220m of debt, provided by six banks and four other creditors.But it said discussions to secure further funding had been unsuccessful.Connaught has had contin owala water bottle uing discussions with its lenders and other sources of finance with the objective of securing additional funding and a restructuring of the grouprsquo financing for the longer term, the company said in a statement to the London Stock Exchange. The group now believes that the availability of additional funds from its lenders will not be forthcoming and, whilst it remains in discussions with other parties, the ability to provide an adequate solution to the funding issues the group faces has become i owala ncreasingly uncertain.Connaught was hit by a series of loss making contracts.Royal Bank of Scotland recently provided Connaught with a further pound;15m.However, its bank creditors have now decided instead to |
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