kompasbank helps fitness and rehabilitation business bounce back after the COVID crisis

In the aftermath of COVID-19, many businesses struggle with liquidity issues that hinder their development and growth. For Fitness & Healthcare Group, the solution has been a loan from kompasbank. 

At Fitness & Healthcare Group in Ballerup, the passion for health is unmistakable. The company operates three business segments, each targeting different customer groups; MedicSport, which sells professional equipment to fitness centres; Proterapi, which provides rehabilitation equipment to hospitals and physiotherapists; and LivingSport, which sells home exercise equipment to private individuals. In recent years, the group has truly appreciated the value of having three distinct business areas. During the COVID crisis, growth was primarily driven by the sale of home exercise equipment to private customers, while now it appears the company’s other two segments will help them navigate through the energy crisis.

Despite this strong foundation, COVID-19 and supply chain challenges have left their mark, just as they have on many other small and medium-sized enterprises. Fitness & Healthcare Group has especially felt the impact on its liquidity, and therefore needed a loan to continue running a healthy business. This is where kompasbank came into the picture. 

“We didn’t know kompasbank, but we agreed to a meeting because we were in a situation where we needed an alternative to our existing financing. We had no expectations of kompasbank and were quite surprised by what we encountered,” says Claus Sørensen, CFO at Fitness & Health Group, and continues:

“Our advisor, Patrick, came out to see us in Ballerup. He arrived well-prepared with a deep understanding of our business. He asked the right questions and provided guidance from day one. After the meeting, it only took two weeks for the loan to be disbursed, and Patrick followed up with a call to ensure everything was as it should be. I haven’t experienced this level of quality, speed, and proactivity anywhere else.”

Claus Sørensen and the rest of Fitness & Healthcare Group look forward to continuing their collaboration with kompasbank, which will also become an important partner in realising the group’s dream of selling fitness equipment beyond Scandinavia’s borders.