Envestors pumping cash into gym chain
FINANCE house Envestors, which was spun out from Perth-based Braveheart last month, has led a £900,000 funding round for budget gym chain NRG.
Investors in the firm’s network are pumping in £420,000, with Royal Bank of Scotland offering a £110,000 loan backed by the UK government’s enterprise finance guarantee. The balance is coming through lease financing.
Envestors underwent a management buyout from Braveheart, which bought the London-based company in 2010.