Funding deal secures future of fitness firm

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.”