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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

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

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.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
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
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Click on a catalogue to view it online
Directory
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Uniforms
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Management software
fibodo Limited: Management software
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
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Whole body cryotherapy
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Hydrotherapy / spa fragrances
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Lockers/interior design
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Diary dates
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Locations worldwide,
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21-24 Sep 2021
Messe Stuttgart, Germany
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28-29 Sep 2021
ExCeL London, London, United Kingdom
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04-07 Nov 2021
Exhibition Centre , Cologne, Germany
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01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates

News

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

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.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
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

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The government needs to urgently set out its plans to support physical activity and fitness
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Apple has previewed its much-awaited watchOS 8, the operating system for its Apple Watch. The
Chinese health club chain Supermonkey has finalised a series E funding round, valuing the company
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Crown Sport Lockers (UK) Ltd
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HCM Magazine
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There needs to be a strong residential or office population locally, while our choices are helped by our amazing community, who are very vocal about where we should open next
HCM Magazine
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Consumer research has shown a population-wide surge in interest in reducing lockdown weight gain and getting fitter. Is the industry ready and willing to put its hand up to help people with weight loss? Kath Hudson reports
HCM Magazine
Sponsored
Daniel Jones is the brains behind Orbit4, the world’s first digital ecosystem to manage and facilitate the entire commercial fitness product cycle. We caught up with him at Orbit4 HQ in Cheshire
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Prescribe exercise, not painkillers, to chronic pain sufferers, says the UK’s National Institute for Health and Care Excellence, as Tom Walker reports
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HCM people

Andy McGlynn

Founder, GSquared
Once we grow beyond Manchester we’ll go head to head with Equinox and Third Space
HCM magazine
Opinion
promotion
While much of the fitness industry has reopened its doors across the UK over the past weeks, many members are yet to return.
Opinion: Re-engaging your post-lockdown absent members
Featured supplier news
Featured supplier news: Active IQ launches two industry-ready health and fitness diplomas
Active IQ has launched two new qualifications – the Level 2 Diploma in Health and Fitness and Level 3 Diploma in Health and Fitness – to help engage learners in an industry-ready training experience that can be tailored to suit local employer needs.
Featured supplier news
Featured supplier news: Bounce back faster with a new risk-free joiner channel
The industry is eagerly awaiting the reopening of health clubs and leisure centres in another year affected by COVID-19, where the only thing that’s been certain is uncertainty.
Featured operators news
Featured operator news: Being active helps Parkwood Leisure customers save the NHS £16m
Parkwood Leisure, one of the UK’s leading public leisure facilities operators, helped prevent more than 7,000 cases of stroke, dementia, depression and type 2 diabetes in 2019, saving the NHS £16 million, a new social value report has shown.
Featured operators news
Featured operator news: Everyone Active bolsters Everyone on Demand and enters second year with five new partnerships
Everyone Active has signed a number of new deals which will see the operator strengthen its digital product offering, Everyone on Demand.
Company profiles
Company profile: Premier Software Solutions Ltd
Premier Software was founded in 1994 and has proven experience developing business management solutions specifically ...
Company profiles
Company profile: Active IQ
Active IQ is the UK’s leading Ofqual-recognised Awarding Organisation for the Physical Activity sector....
Catalogue Gallery
Click on a catalogue to view it online
Directory
Exercise equipment
Pendex Fisio S.L.: Exercise equipment
Uniforms
Service Sport: Uniforms
Management software
fibodo Limited: Management software
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Fitness equipment
Precor: Fitness equipment
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Skincare
Comfort Zone - Davines S.p.A: Skincare
Lockers/interior design
Fitlockers: Lockers/interior design
Property & Tenders
Pendine Sands, Carmarthenshire
Carmarthenshire County Council
Property & Tenders
Diary dates
13-14 Jun 2021
Online,
Diary dates
01-04 Jul 2021
Expo Centre & Riviera di Rimini, Italy
Diary dates
18-19 Sep 2021
Locations worldwide,
Diary dates
21-24 Sep 2021
Messe Stuttgart, Germany
Diary dates
28-29 Sep 2021
ExCeL London, London, United Kingdom
Diary dates
04-07 Nov 2021
Exhibition Centre , Cologne, Germany
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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Active IQ
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