North East gym powers into Fast Growth 50 list

A North East-based fitness brand has secured a spot in the UK Fast Growth 50 Index.

OneGym ranked ninth in the North of England after achieving 503 per cent growth between 2021 and 2023.

Recent investments have played a pivotal role in OneGym’s growth, having received backing from Newcastle-based Middleton Enterprises in 2022, which enabled the addition of six sites in 18 months.

A further funding boost from ThinCats, in October, has supported its continued development.

The chain’s flagship gym in Chester-le-Street, launched in September, repurposed a 20,000sq ft former Wilko unit, and complements further sites in towns such as Darlington, Stockton, Bishop Auckland, Newton Aycliffe, Redcar and Durham.

Now employing more than 70 people, OneGym plans to open three to four new sites annually as part of its growth trajectory.

Paul Pearson, director at OneGym, said: “Being ranked in the UK Fast Growth 50 Index is a proud milestone for our team.

“It reflects the strength of our business strategy and operational model. Over the past few years, we’ve focused on sustainable growth, making smart investments and optimising our operations to scale effectively.

“We’re proud of what we’ve achieved, and look forward to continuing to grow and strengthen our position in the market.”

The UK Fast Growth 50 Index highlights the fastest-growing firms across four regions of England, as well as Scotland, Wales and Northern Ireland, showcasing businesses achieving more than 20 per cent annual growth and making significant contributions to local economies.

Among the North of England’s fastest-growing firms in 2024 were QuantuMDx, a Newcastle-based medical technology company, which ranked third with 1003.7 per cent growth, Atom Bank in 12th, and Adderstone 1993 - part of the Adderstone Group - in 39th.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →