Glenn Earlam pushes back on reports of 'material uncertainty' at David Lloyd
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
star job
Xercise4Less
Competitive
Rugby, UK
Everyone Active
Unlimited earning potential
Camberwell Leisure Centre, London, UK
Burnley FC in the Community
£25,000 to £30,000 per annum
Burnley, UK
Leicester Grammar School
Competitive
Leicester, UK
Actif Sport and Leisure
£19,312 Fixed Point (Pro-rata)
Carmarthen, Ammanford and Llanelli Leisure Centres, Carmarthenshire

Glenn Earlam pushes back on reports of 'material uncertainty' at David Lloyd

Job opportunities
training opportunity
Les Mills
location: Nationwide, United Kingdom
more jobs
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

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.

Sign up for FREE ezines & magazines
David Lloyd Leisure has become the latest operator to have its auditors flag up the detrimental effect of the pandemic on the business.
PTS,HAF,FIT,IND
2021/THUMB346915_984786_527948.jpg

More News

1 - 15 of 43,096
19 Jan 2021
Fitness, sport and leisure sector professionals who have continued to deliver services to their communities throughout the pandemic are to be celebrated at industry networking ... More
19 Jan 2021
Design specialist BRC Imagination Arts (BRC) has been selected to design and produce the World Food Center Experience in Ede, the Netherlands. The attraction will ... More
19 Jan 2021
Broadcaster and natural historian, Sir David Attenborough, will front a new virtual app which will allow users to explore exotic plants and animals in their ... More
19 Jan 2021
A national survey has launched to chart the mental health of the fitness and physical activity workforce. Undertaken in partnership with CIMSPA, the survey will ... More
18 Jan 2021
One of England's highest ranking police officers has called on government ministers to clearly define the maximum distance people are allowed to travel to undertake ... More
17 Jan 2021
Virtuagym, a leading provider of fitness technology for gyms and trainers, has announced the launch of PRO+, a new solution that enables operators to generate ... More
Miha Bodytec GmbH
Miha Bodytec GmbH
15 Jan 2021
Fitness First has launched a new free digital fitness hub, offering users a wide range of virtual classes and training sessions. Called FitX Player, the ... More
15 Jan 2021
The Gym Group has brought in Rio Ferdinand and Wais Shaifta as non-executive directors, signalling a broadening of its remit, new horizons and an intention ... More
14 Jan 2021
As the global vaccine rollout brings reopening closer and heralds the end of lockdowns, jostling is beginning for the resumption of live fitness industry events ... More
14 Jan 2021
Less than half (44.9 per cent) of children and young people in England met the recommended levels for exercise (60 minutes or more a day) ... More
13 Jan 2021
An England-wide survey of over 5,000 adults found that 80 per cent of people aged over 18 have made the decision to change their lifestyle ... More
12 Jan 2021
The government needs to provide the fitness and physical activity sector with a plan which will not only provide immediate, essential measures to secure its ... More
MyZone Group Ltd
MyZone Group Ltd
12 Jan 2021
Book4Time, a leading cloud-based business management solution for the global hospitality, spa and wellness industry, has received a significant growth investment from Serent Capital, a ... More
12 Jan 2021
Some Brits drop their exercise habits, eat unhealthily and drink more alcohol during lockdowns, according to research from the University of East Anglia (UEA). A ... More
12 Jan 2021
The Museum of Military Medicine in the UK has received planning approval for a new building in the city of Cardiff. As a result, the ... More
1 - 15 of 43,096
fibodo Limited
fibodo Limited