Virgin Active, the fitness chain established by Sir Richard Branson , has significantly reduced its losses as it grapples with the ongoing trend of working from home.

The company, which operates 224 locations worldwide, reported a pre-tax loss of £78.1m for 2024, a substantial decrease from the £146.7m loss it incurred in 2023, as reported by City AM .

Newly filed accounts at Companies House also reveal that its revenue rose from £511.4m to £576.3m during the same period.

Adult membership at Virgin Active grew by five per cent to over one million, surpassing pre-pandemic levels.

The majority stake (67.6 per cent) in Virgin Active is held by private equity firm Brait, which is owned by South African billionaire Christo Wiese.

Sir Richard Branson's Virgin Group retains a 16.8 per ce

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