Third Space saw its revenue near £100m | Image via Getty

Third Space has reported a more than doubling of profits after an expansion in venues helped drive a surge in memberships.

The London-based luxury gym club, which operates more than a dozen sites across the capital, posted a 115 per cent rise in pre-tax profit to £11.1m in 2024, accounts published to Companies House show.

The firm, which is owned by US private equity business KSL Capital Partners and charges hundreds of pounds for a monthly membership, saw total turnover jump 43 per cent during the period to just under £100m.

The group’s strong performance marks a solid recovery from a precarious period during the pandemic, when revenue slumped and losses neared £20m between 2020 and 2021.

“2024 was a positive year for the busin

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