Next Generation profits rise to €4.4m

NEXT Generation Clubs, a chain of fitness centres backed by JP McManus, John Magnier and Denis Brosnan, saw profits grow by almost £1.8 million (€2.62m) in 2004.

Results for the company show pre-tax profits reached £3.04m (€4.4m) last year, helped by an expansion which saw three new clubs opened. Turnover increased from £29.6m (€42.9m) to £35.2m (€51m).

Chairman Denis Brosnan wrote in the accounts: “The group successfully opened its eleventh club in Cambridge and a twelfth in Hatfield during the year, giving the group greater national presence.