Funding deal secures future of fitness firm

By Tim Aldred

11 Aug 2023

3-1-5 Finance deal

Lancaster-based 3-1-5 Health Club has secured a new finance package which will secure its future as a community asset.

3-1-5's facilities include a gym, swimming pool and spa. It has 7,000 members and records 50,000 visits per month.

The package has been provided by Central Business Finance. It includes refinancing of 3-1-5's current liabilities and a commercial mortgage on its premises.

Sean Thornton, co-owner and director, said: "As a club, we continually invest in our facilities and customer offering as we want to ensure our members want to be part of a community to reach their fitness goals – and they will only do that by being part of something beyond a building.

"To attract people, to develop a community – you need great facilities and whilst there has been uncertainty over the last few years due to the pandemic, we are pleased that here at 3-1-5 we continued to grow and invest.

"Our focus is health and wellbeing; finance is not our strong point, and it was clear from working with Central Finance for many years that they could help us reshape our finances to be fitter financially.”

Enjoyed this? Read more from Tim Aldred

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