Former England squash player John Treharne, 60, founded this gym chain in 2007. The Guildford business offers low-cost membership without contracts and now has 42 health clubs nationwide. The company was started with funding from Bridges Ventures, which invested £17.5m for an 85% stake. It sold this stake to Phoenix Equity Partners in June last year, in a deal that valued the company at £90m. Profits were £3.7m in 2012. The business is now merging with rival Pure Gym.
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