Formby-based MGYM Personal Training, an independent gym owned by an ex-professional footballer, has expanded following a funding package from Santander Business Banking.
The business is owned by Michael Girvan, an ex-professional footballer for Wigan Athletic, who began working at the gym as a personal trainer in 2014. He purchased the business three years ago, during which time he has doubled its membership, turnover and profit.
Michael has ambitious growth plans for his business and has used the funding package from Santander to purchase a property on Church Road, Formby, four times the size of his previous gym. The 4,500 square-foot facility spans two floors, making more room for specialist equipment and additional classes and treatments including yoga, callisthenics, sports massage, child fitness and nutrition. He also plans to recruit four local professionals to run the gym’s new specialty classes and treatments.
Despite operating from a small one-room unit in Formby Business Park, the gym grew under Michael’s ownership to become the largest personal training business in Formby. With members ranging in age from 12 to 70, the gym’s growth reflects the UK’s growing appetite for fitness and wellbeing services.
Michael Girvan, Managing Director, MGYM Personal Training commented: “As the owner and proprietor of MGYM, it's been a real pleasure to work with Santander in establishing my new gym. This is a key step in my business plan, and it will allow MGYM to offer more services as a fitness centre to our local community."
Jack Buck, Business Relationship Director, Santander UK, added: “Michael has developed MGYM into a well-established and valued organisation in the local community, offering a unique environment for learning about health, exercise and wellbeing. Due to increased demand, it was clear that the business had outgrown its current premises. I’m delighted that with the funding package we’ve put together, we could support Michael’s growth ambitions, resulting in the purchase and development of the new site. It’s going to really add value to its current members while allowing expansion into new bespoke and specialised services.”
Research shows that gym goers across Europe are on the rise, with the continental market reported to be worth around £24 billion1. The UK is ranked second in terms of revenues and has the third highest number of gym facilities available, behind Switzerland and Ireland.
- Ends -
The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors
1. Data taken from research conducted by Deloitte and EuropeActive: https://www.europeactive.eu/
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 30 December 2019, the bank had around 23,500 employees and serves around 14 million active customers, via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers’ eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in Europe and the Americas, and is the largest bank in the euro zone by market capitalization. Its purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising over €120 billion in green financing between 2019 and 2025, as well as financially empowering more than 10 million people over the same period. At the end of 2019, Banco Santander had EUR 1.05 trillion in total funds, 145 million customers, of which 21.6 million are loyal and 37 million are digital (52% of active customers), 12,000 branches and 200,000 employees. Banco Santander made underlying profit of EUR 8,252 million in 2019, an increase of 2% compared to the previous year.
Leanne Bell T: 020 7756 4518 M: 07711 774 389 E: Leanne.Bell@santander.co.uk
Lara Lipsey T: 020 7756 4518 M: 07713 560 209 E: Lara.Lipsey@santander.co.uk
Millie Allen T: 020 7756 4221 M: 07845 051 938 E: email@example.com
Follow @santanderuknews on Twitter
The Santander press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.