Duff & Phelps has completed the sale of i-Motion Gym Ltd, securing 35 jobs in Rotherham and Stafford.
Sarah Bell and Steven Muncaster of Duff & Phelps were appointed joint Administrators to i-Motion Gym Ltd on 13 June 2018 and led the sale transaction and Administration process.
i-Motion Gym Ltd offers affordable, value for money gyms with no contract memberships in Rotherham and Stafford and has circa 4,100 members across the two sites. Both locations provide a range of modern matrix equipment and instructor-led fitness classes.
The business and assets have been purchased by I-Motion Fitness Limited and the deal was backed by Access Commercial Finance. The deal also had the support of the landlords and was completed on 6 July 2018.
Sarah Bell of Duff & Phelps, stated: “We’re pleased to announce the sale of i-Motion Gym Ltd, preserving the jobs of 35 employees and ensuring stability for the members across both sites.
“We’re especially pleased about this against the current difficult industry backdrop of rising rents and business rates, and increasingly competitive pricing strategies in the fitness area. Following the sale, we expect a prosperous future for both gyms.”