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PRODUCT NEWS
Glenn Earlam pushes back on reports of 'material uncertainty' at David Lloyd
04 Jan 2021 . BY Tom Walker
David Lloyd Clubs has been innovative in its response to the pandemic / David Lloyd Clubs
We expect post-pandemic trading to be strong and are optimistic we can restart our ambitious investment programme soon after our business begins to trade as normal
– Glenn Earlam
David Lloyd Leisure has become the latest operator to have its auditors flag up the detrimental effect of the pandemic on the business.

In its annual accounts, Deloitte has said the uncertainties surrounding government-ordered closures could cast "significant doubt" on the group and its future.

The comments come just days after rival operator Virgin Active signalled its intention to raise cash to buffer it from the impact of the pandemic.

However, speaking to HCM, DLL CEO, Glenn Earlam, said a significant number of leisure businesses have had to declare 'material uncertainty' in their accounts, due to the pandemic.

He said DLL was in "very good shape prior to the lockdown" and would return to a similar position, once the current club closures come to an end.

"Our business was growing aggressively before the global pandemic, but the crisis has brought uncertainty across the whole of the leisure sector, and we need an escalated vaccine rollout, so the industry can reopen its doors as soon as possible," Earlam said.

"As the nation is now prioritising its health and fitness, we expect post-pandemic trading to be strong, and are optimistic we can restart our ambitious investment programme soon after our business begins to trade as normal."

DLL's banks are not due to renew their lending agreements until next year, giving the operator time to rebuild its income streams once the vaccine has been implemented and clubs reopened.

David Lloyd is one of Europe’s largest premium operators, with 124 clubs – 100 in the UK and a further 24 across Europe. The clubs are managed under its two brands, David Lloyd Clubs and Harbour Clubs.

The company has been creative in tackling the pandemic emergency, being the first national operator to reopen for tennis and then outdoor workouts and one of the first to launch a hybrid offering. Earlam has also been very active in lobbying for the sector.

David Lloyd has also just launched a timely new initiative called Team PB, to help people counter the negative effects of lockdowns.
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Storytelling - the future of fitness content
Heading into 2021, storytelling will be a key trend among fitness content creators and connected fitness providers, as the industry recognises its potential to unlock ultra- engaging experiences that boost retention.
What does a socially distanced leisure centre and health club look like?
The world has had to get used to social distancing in 2020 and any business operating in the leisure and hospitality sectors has had to face this challenge more than most.
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Maintaining a consistent member experience across a growing health and fitness brand can prove challenging.
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I started running when I was 12 years old, a skinny girl with an afro. I knew I loved running, I felt free and seemed to glide easily rather than pound the pavements.
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Xn Leisure’s five-step process to increasing member retention
While leisure operators can generate interest and build an audience fairly easily, the challenge is converting an audience into a paying, engaged community – and keeping them there.
Copper clothing can keep staff and members safe
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22 Jan 2021

Spa Leadership Symposium

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Jobs   News   Products   Magazine
PRODUCT NEWS
Glenn Earlam pushes back on reports of 'material uncertainty' at David Lloyd
04 Jan 2021 . BY Tom Walker
David Lloyd Clubs has been innovative in its response to the pandemic / David Lloyd Clubs
We expect post-pandemic trading to be strong and are optimistic we can restart our ambitious investment programme soon after our business begins to trade as normal
– Glenn Earlam
David Lloyd Leisure has become the latest operator to have its auditors flag up the detrimental effect of the pandemic on the business.

In its annual accounts, Deloitte has said the uncertainties surrounding government-ordered closures could cast "significant doubt" on the group and its future.

The comments come just days after rival operator Virgin Active signalled its intention to raise cash to buffer it from the impact of the pandemic.

However, speaking to HCM, DLL CEO, Glenn Earlam, said a significant number of leisure businesses have had to declare 'material uncertainty' in their accounts, due to the pandemic.

He said DLL was in "very good shape prior to the lockdown" and would return to a similar position, once the current club closures come to an end.

"Our business was growing aggressively before the global pandemic, but the crisis has brought uncertainty across the whole of the leisure sector, and we need an escalated vaccine rollout, so the industry can reopen its doors as soon as possible," Earlam said.

"As the nation is now prioritising its health and fitness, we expect post-pandemic trading to be strong, and are optimistic we can restart our ambitious investment programme soon after our business begins to trade as normal."

DLL's banks are not due to renew their lending agreements until next year, giving the operator time to rebuild its income streams once the vaccine has been implemented and clubs reopened.

David Lloyd is one of Europe’s largest premium operators, with 124 clubs – 100 in the UK and a further 24 across Europe. The clubs are managed under its two brands, David Lloyd Clubs and Harbour Clubs.

The company has been creative in tackling the pandemic emergency, being the first national operator to reopen for tennis and then outdoor workouts and one of the first to launch a hybrid offering. Earlam has also been very active in lobbying for the sector.

David Lloyd has also just launched a timely new initiative called Team PB, to help people counter the negative effects of lockdowns.
PRODUCT NEWS
The Retention People unveil 2020 Member Experience Awards winners
Member engagement software provider The Retention People (TRP) has unveiled the winners of its annual 2020 Member Experience Awards (MEA).
Forget the ‘Netflix effect’ – it’s all about the ‘iFit effect’ to boost member retention
Addiction – a word laden with negativity. But isn’t that exactly what the fitness industry wants? For members to be addicted (in a healthy way) to exercise – not just to increase profits but, most importantly, so they can live happier, healthier and longer lives.
Pulse Fitness updates iGym London with state-of-the-art technology
Pulse Fitness has recently completed a refurbishment of the fitness facilities at iGym London.
Storytelling - the future of fitness content
Heading into 2021, storytelling will be a key trend among fitness content creators and connected fitness providers, as the industry recognises its potential to unlock ultra- engaging experiences that boost retention.
What does a socially distanced leisure centre and health club look like?
The world has had to get used to social distancing in 2020 and any business operating in the leisure and hospitality sectors has had to face this challenge more than most.
AskNicely helps empower businesses to improve customer experience and boost NPS
Maintaining a consistent member experience across a growing health and fitness brand can prove challenging.
Ariston’s range of water heaters can reduce running costs for gyms
Ariston’s electric water heaters create hot water cost-effectively, ensuring gym-goers can enjoy a post-workout shower, due to fast reheat times and large storage capacities.
A runner’s life, by Dame Kelly Holmes
I started running when I was 12 years old, a skinny girl with an afro. I knew I loved running, I felt free and seemed to glide easily rather than pound the pavements.
Uscreen announces first to market Apple Watch Fitness Tracker
At Uscreen, we pride ourselves on being proactive innovators in the industry. We're continually doing our research and predicting where the industry is going so we can ensure the state-of-the-art technology to back you up in your video business.
Xn Leisure’s five-step process to increasing member retention
While leisure operators can generate interest and build an audience fairly easily, the challenge is converting an audience into a paying, engaged community – and keeping them there.
Copper clothing can keep staff and members safe
Snap Fitness franchisee, Kunal Patel, is kitting out all staff – from personal trainers to cleaners – with copper-infused masks and gloves from medtech company, Copper Clothing.
Playfinder launches Bookteq to increase revenue for independent facility operators
Playfinder has launched Bookteq, a booking system aimed at increasing revenue for operators of independent physical activity venues.
+ More products   
 
COMPANY PROFILES
Technogym

Technogym provides a complete range of best-in-class cardiovascular, strength and functional equip [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

Excite Live Experience: Join the party with Technogym
The new Excite line makes training more fun and inspiring for any age or fitness level with lots of workouts and entertainment options. Find out more...
+ More videos  

DIRECTORY
+ More directory  
DIARY

 

22 Jan 2021

Spa Leadership Symposium

Online (Zoom),
02-04 Feb 2021

Beauty West Africa

Landmark Centre, Lagos, Nigeria
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2021

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS