Kettering gym to be sold to new owners

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File picture

A Kettering gym is one of 33 around the country which will be sold as its owners seek to reduce their debt.

LA fitness, which owns the gym in Orion Way, just off Pytchley Road, announced this week that a set of Company Voluntary Arrangements (CVAs) had been approved by creditors.

The arrangements mean the Kettering branch is among the 33 gyms – of 80 nationwide – which are to be sold to a new owner.

But there is not set to be any immediate impact on gym members – and LA fitness says it has received interest from other potential owners in all of the clubs it wants to offload.

It is also expected that the majority of the existing employees will continue to be employed under a structure adopted by the new owners.

LA fitness CEO Martin Long said: “We are pleased that the CVAs have been approved with strong support from landlords.

“We are now able to focus on the long-term future of LA fitness as we create a leaner, more operationally efficient business with the financial strength and operational flexibility to continue investing in facilities, equipment and technology across our retained portfolio of clubs to enhance the experience for our members.”