Firm says it is in in discussions with banks as membership plunges by 200,000
The Gym Group, one of Britain’s largest operators of low-cost gyms, has opened talks with lenders after reporting that revenues fell by nearly half last year and member numbers plunged by more than 200,000 due to the pandemic.
The company, which runs 184 gyms across the UK, said that revenues fell by 48% year on year from £153m to £80.5m as pandemic restrictions across the country cost it 45% of trading days last year.
