New owner pledges to strengthen gym

Membership doubles after expensive revamp

An enterprising fitness enthusiast is building up a Peterborough gym with the help of a leading bank. Steve H off mann has completed the purchase and refurbishment of the 30- year-old Fen gate Gym, in Fengate, after securing a six-figure commercial mortgage from H SB C.

Mr Hoffmann said: “The gym has been here for over 30 years and the previous owner was keen to sell the business to someone who would continue to run it as a gym.

“In its heyday the business used to boast 450 members, which is amazing for an independent gym.”

Mr Hoffmann, who has been a regular at the gym for 26years, has fully refurbished the whole facility, making better use of the space and ensuring the gym has a wider appeal.

The premises are surrounded by 550 businesses which it is hoped will provide more local users.

Mr Hoffmannadded: “HSBC’ s commercial mortgage has enabled me to modernise the gym and refresh the facilities.

“The gym is blessed with six trainers who are on hand throughout the week to offer fitness and nutritional advice.

“Since November, we’ve doubled membership, and with further investment planned to update the equipment, we hope to continue to grow our membership base.”

Steve Evans, HSBC’s area director in Mid-Lincolnshire and the Fens, said: “Steve is passionate about health and fitness and with this new investment, he will be able to provide a high quality facility for customers for many years to come.

“It’s great to now see the facility being used and enjoyed by so many members of the local community .”

HSBC staff try out Fengate Gym as new owner Steve Hoffmann looks on.