Early bird
tickets
available now!
Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13774)           
UK only International

Stessa Leisure begins building énergie gym portfolio

By Tom Walker    06 Apr 2018
Stessa Leisure founder Adam Thompson (centre) with Square One Law's Ian Gilthorpe (left) and Philip Stewart / Square One Law

Newly established health club group Stessa Leisure has completed the first stage of plans to build up a portfolio of énergie Fitness clubs in the North East of England.

The Newcastle-based company – a venture set up by entrepreneur and former Utilitywise chief operating officer Adam Thompson – has purchased three énergie-branded gyms from Easy Fitness.

The acquisition is part of a strategy to establish a network of 10 clubs across the North East after the business reached a regional franchise agreement with énergie Fitness.

Following the move, Stessa has undertaken a £500,000 refurbishment of the gyms in Blaydon, Jarrow and Tynemouth, which have a combined membership of 4,500.

As part of the upgrade programme, the company has doubled the size of the club in Tynemouth with the addition of a second floor and expanded the floor space of Blaydon club by 40 per cent.

Stessa Leisure founder Adam Thompson was part of the team which floated Utilitywise on the Alternative Investment Market (AIM) in 2012.

He exited the business in 2016 to pursue new commercial interests.

“Introducing this new concept gym group to the North East is an exciting prospect for Stessa and we are really looking forward to growing the membership at our first three clubs and identifying locations to target for future sites," Thompson said.

“We believe there is a place in the market for énergie Fitness, particularly among non-gym users as we have developed a welcoming and encouraging environment with specialist exercise plans, which are ideal for new starters to help them achieve the healthy lifestyle results they want.”

Stessa was advised by commercial law firm Square One Law on the deal.

Stessa Leisure  énergie fitness  Adam Thompson 
Sign up for FREE ezines
Related news
Related features

Company profile

Company profile: ukactive
ukactive is the UK’s leading not-for-profit membership body for the physical activity sector, bringing together more than 4,000 member organisations and partners in our shared ambition to get More People, More Active, More Often.
View full profile >
More company profiles

Featured Supplier

Altrafit introduces custom functional fitness equipment at Third Space
Altrafit has taken further steps to cement its reputation as a provider of high-quality, affordable functional fitness equipment that is built to last with the development and introduction of a new functional fitness keg for luxury gym operator, Third Space.
View full details >
More featured suppliers

Property & Tenders

Location: Jersey
Company: Jersey War Tunnels
Location: Chiswick, Gillingham, York and Nottingham
Company: Savills
Location: Cleveland Lakes, Wiltshire and Gloucestershire
Company: Cotswold Lakes Trust
Location: Loughton, IG10
Company: Knight Frank
Location: Grantham, Leicestershire
Company: Belvoir Castle
More properties & tenders

Diary dates

03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
08-10 Sep 2024
Wyndham® Lake Buena Vista Disney Springs™ Resort, Lake Buena Vista, United States
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
20-22 Sep 2024
Locations worldwide,
More diary dates