David Lloyd is the latest gym chain to warn over its future as the lockdown measures bite.
In its accounts, the company said uncertainty caused by the pandemic ‘could cast significant doubt on the group’ and its ability to stay in business.
Concern: If there are more localised lockdowns and a recession, David Lloyd said it might run out of spare cash
Virgin Active issued a similar warning last week.
In its base case scenario, where clubs remain open, David Lloyd’s banks renew their lending agreements next year, and customer numbers return to pre-Covid levels by 2022, there would be sufficient cash.
If there are more localised lockdowns and a recession, David Lloyd said it might run out of spare cash.
But it is confident it can continue for the immediate future.
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