She seems to come to the same conclusion; quality is okay, but highly overpriced. ACCOUNTS MADE UP TO 31/07/2019 View Annual Accounts. [11] He left six months after launching Gymshark. Assuming these aspirations can be met, I would expect to see a significant increase in revenue in 2019. Dig a little deeper, though, and the tweet becomes a victorious statement of celebration from the brand. Contact Us Eight years ago, you see, its founder, majority shareholder and chief marketing officer Ben Francis was earning £5 per hour delivering pizzas for his local Pizza Hut. “I absolutely love it here… I’m super proud of the West Midlands in particular and I think it’s great that we can create incredible brands,” Francis said in a recent interview with Sky News. BUSINESS ACTIVITY (SIC) 47190 - Other retail sale in non-specialised stores INCORPORATION DATE 05/07/2012 (8 years and 2 months old) WEBSITE GYMSHARK.COM CONFIRMATION STATEMENT MADE UP TO 19/01/2020. Gymshark’s story is not only fantastic for the Midlands, but for the UK as a whole. There was a group reorganisation in 2016 when co-founder Lewis Morgan stepped away from day to day involvement and when executive chairman, Paul Richardson, came on board as a shareholder which Gateley’s corporate team handled. The process commenced in June over lock down and reached signing within a 10 week period utilising technology to support global remote working. Stating that while there was lots of visibility throughout the company, and you have access to every level, from management to executives. You also have the option to opt-out of these cookies. [8] He later said "the structure, consistency and work ethic I found in the gym I realised, could be applied to different areas of my life and it would work". Get helpful tips on how to use company credit reports when making potentially critical business choices. Pyramid Scheme in Sheep’s Clothing. Your email address will not be published. Get 20% off purchases above £10. Ben Francis (born 4 June 1992)[1] is a British businessman. Company News HQ is a global business news portal. There were a number of additions to the office space in the UK and property partner, James White, advised on the entry into of new premises in Redditch and surrender and termination of old premises. I know they’ve opened their new HQ and warehousing, so they can likely store far more stock. GYMSHARK LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity. This increase far exceeds the increase in revenue during the year. [6] His first business was an online company that sold car license plates. Posted by Normanie | May 25, 2019 | Uncategorized | 4 |. They’re very ‘cash rich’, with potential for a lot of growth in the future. Gateley first started working with Gymshark in 2014 when the shareholders were advised that they should put in place a formal shareholders’ agreement between them. As the business continued to thrive, our relationship was also growing. I don’t believe their products are any technologically better than other similar brands. Employment Partner, Merran Sewell, has been ever present on the Gateley’s Gymshark team, providing continuity of service to Steve Hewitt and Dave Parry, Chief People Officer. [9] He has said his time at university gave him "a strong foundation on which to build a business". Gymshark were arguably the innovators of Social Media Influencer marketing in the gymwear niche. Private limited with Share Capital, BUSINESS ACTIVITY (SIC) We’re a pretty self conscious and “image driven” generation, and that in a nutshell has driven the success of Gymshark. B90 8AB Francis purchased a sewing machine and a screen printer with £1,000 of savings. [7] Initially, he worked for Gymshark in between his university studies and job at Pizza Hut. This work was completed in spring 2015 and, as the business grew rapidly, the original shareholders’ agreement was varied and replaced in October 2015 when Steve Hewitt came on board as the new CEO. There’s an element of elite-ism triggered by wearing Gymshark clothes in the gym. This would be done by innovating and developing technologically better (proprietary) solutions. I think to some extent, they benefit from being “There at the right time” – They were one of the first, if not the first influencer marketing style fitness companies, which means their wave has risen the highest the quickest, and therefore they’ve managed to capitalise on the biggest influencers (which in turn, increases the brand further). To receive the latest in style, watches, cars and luxury news, plus receive great offers from the worlds greatest brands every Friday. Gymshark, a fitness apparel brand, was founded in 2012 by teenager Ben Francis from his garage in his parents’ home in Bromsgrove when he was just 19 years old and has grown from a screen- printing operation into one of the fastest growing and most recognisable brands in fitness. This week, the company he founded, Gymshark, was valued at over £1 billion ($1.3 billion) by US private equity firm General Atlantic, which has just agreed to purchase a 21% share in the clothing business. [9] Unable to afford to buy stock or secure distribution deals with supplement suppliers, he began dropshipping supplies from other vendors and it took him six weeks to make his first sale. During the year, the company moved to their new HQ in Solihull, which would have come at a significant cost for the business. - Present (5 years and 4 months), 01/04/2019 I’d like to thank everyone at Gateley Legal for their incredible hard work throughout this process. It is the leading industry news source for major companies across a number of industry verticals. Any online business needs to have a secure and reliable logistics framework. The products I’ve tried haven’t been anything special, and to some extent I feel as though the price is simply inflated to pay the price of the expensive Social Media stars. There are plenty of brands I would argue are better, but Gymshark has got the solid foundations set as the big dog outside the usual Nike/Adidas/etc. - Present (8 years and 3 months), 01/06/2015 They’ve always been fine quality-wise, but a bit overpriced for what they are. The Solilhull company has grown by engaging its […] Supporting Gymshark since 2014 Gateley first started working with Gymshark in 2014 when the shareholders were advised that they should put in place a formal shareholders’ agreement between them. As a result, advised on how to protect the Gymshark brand and to deal with international oppositions, infringements and occasional third party counterfeiting. All rights reserved. [5] He first became interested in computing after studying IT at school. They’ve invested A LOT in their infrastructure recently, and they are a premium product at the end of the day. Skip to main content. These cookies will be stored in your browser only with your consent. Most of Gymshark’s success is due to their usage of influencer marketing on Social Media platforms. [14][15] He sold his stake in the business in 2018. Eight years ago, you see, its founder, majority shareholder and chief marketing officer Ben Francis was earning £5 per hour delivering pizzas for his local Pizza Hut. Nu Skin a Scam? to view this information. In fact, from personal experience I find the quality of their products pretty sub-par and there’s nothing stand out about them in terms of the technology provided. Go into any gym in the country, and you will likely see at least a few people wearing Gymshark. According to a later interview with Medium, it took him six weeks to make his first sale. On 17 August 2020, a tweet was sent from the Gymshark account to Pizza Hut. June 2020 analysis. [9], He began manufacturing the products from his parent’s garage in Bromsgrove, using a sewing machine and screen printer he bought with £1,000 of savings.
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