Total Fitness has secured £15 million from its digital banking partner, OakNorth, as it prepares for the next phase of growth. 

The recapitalisation refreshes existing debt arrangements and creates additional flexibility for investment, it includes £13.5 million in senior debt and a £1.5 million revolving credit facility.

Total Fitness currently has 16 locations across the north of England and Wales and is now focused on the next phase of expansion. This will include the rollout of its standalone Women’s Gym.  

This concept was launched in early 2024 following extensive consultation with thousands of women. It includes cardio and weights being spread evenly through the gym to create a less intimidating environment, purpose-designed lighting, a calming aesthetic and upskilled staff. 

An extensive refurbishment plan has also been completed, with recent upgrades in Bolton, Sefton, Wrexham and Lincoln. Wilmslow is the next in line. 

Tom Rayner, chief financial officer at Total Fitness, says: “This recapitalisation marks an important milestone for Total Fitness, creating a well-invested platform for the next phase of our growth. We're committed to continuing our investment in our people, our facilities and the overall experience we offer members. 

“The continued support of NorthEdge, RooGreen Ventures and our dynamic banking partner OakNorth demonstrates their confidence in the business today and in our ambition for the future.” 

Stewart Haworth, senior director of debt finance at OakNorth: “We’re delighted to be supporting Total Fitness once again as it embarks on the next chapter of its growth journey. Since partnering with the business in 2023, we’ve been impressed by the strength of its leadership team, its commitment to continuous improvement across the estate,and its clear vision for enhancing the member experience. This new financing package reflects our confidence in the group’s strategy and its ability to deliver sustained growth.”

Total Fitness clubs feature extensive gym floors, more than 70 classes per week, a Swim Academy run out of the swimming pools, personal trainers and digital content. The introduction of membership add-ons, such as the recently launched Friend Pass, is expected to support further growth by giving members additional ways to engage with the brand. 

Total Fitness CEO, Sophie Lawler, talked about leadership at the HCM Summit in October. You can listen here.