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Trampoline park company bounces into 2017 with ambitious growth plans
The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make their plans for the future a reality.
GoJumpIn was founded in 2015 by Vernon West, Gavin Lucas and Linsey Willaford-West after Vernon and Linsey visited a trampoline park on holiday and knew they didn’t want the fun to stop when they returned home. The first trampoline park in Slough opened in September 2015, followed by Warwick in April 2016 and Tonbridge in October 2016.
Although the trio have high ambitions, their feet remain firmly on the ground, as David French, Director, Growth Capital, Santander explained: “When we first met the GoJumpIn management team, we were immediately struck by the detailed and diligent approach they take towards new site identification and the operation of their trampoline parks. This was further supported by a committed and active shareholder base, providing strong capitalisation. We were therefore able to structure a committed roll-out financing package to fund the development of new sites, despite the business having a relatively short trading history. We look forward to supporting the GoJumpIn management team with their growth plans over the coming years.”
The capital will be used to fund new sites, including Enfield, Aberdeen and Poole in 2017.
GoJumpIn currently employ c.200 staff over three sites and each additional one site will generate 70 jobs.
But they won’t be stopping there – we’ll be bouncing all over the country shortly, as Vernon West, Executive Chairman & Founder, GoJumpIn Ltd., commented:
We are delighted to have completed a funding package with Santander Growth Capital. The funds will enable us to continue to roll-out trampoline parks to affluent and under-leisured parts of the UK. We aim to open in Edinburgh, Harrogate, and London, in addition to the announced sites in Poole, Aberdeen, and Enfield over the next 12-18 months.
