David Lloyd Leisure: Difference between revisions
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{{Short description|UK based health, fitness and racquets group}} |
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{{Use British English|date=November 2013}} |
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'''David Lloyd Leisure''' is a chain of fitness and racquet sport centres founded by the British professional [[tennis player]] [[David Lloyd (tennis)|David Lloyd]]. |
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{{Use dmy dates|date=January 2024}} |
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{{Infobox company |
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| name = David Lloyd Leisure Limited |
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| logo = Dl-clubs-logo rgb.png |
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| trading_name = David Lloyd Clubs |
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| former_name = Willacre Limited (1980{{endash}}1993)<ref name="CompaniesHouse">{{Cite web |date=1980-09-08 |title=DAVID LLOYD LEISURE LIMITED overview - Find and update company information - GOV.UK |url=https://find-and-update.company-information.service.gov.uk/company/01516226 |access-date=2024-01-27 |website=[[Companies House]] |language=en}}</ref> |
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| type = [[Privately held company|Private]] |
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| traded_as = |
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| predecessor = |
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| successor = |
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| founder = [[David Lloyd (tennis)|David Lloyd]] |
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| defunct = <!-- {{End date|df=yes|YYYY|MM|DD}} --> |
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| fate = |
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| area_served = UK, mainland Europe |
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| key_people = {{Ubl |
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|Glenn Earlam (executive chairman) |
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| Russell Barnes (CEO) |
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}} |
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| industry = {{Ubl |
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| [[Health club]] |
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| [[Gym]] |
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| [[Tennis]] |
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}} |
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| genre = <!-- Only used with media and publishing companies --> |
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| products = |
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| production = |
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| services = {{Ubl |
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| Premium Health |
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| Fitness |
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| Racquets |
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}} |
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| revenue = |
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| operating_income = |
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| net_income = |
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| assets = |
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| equity = |
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| owner = [[TDR Capital]] |
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| members = c.710,000 |
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| num_employees = c.10,000 |
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| parent = |
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| divisions = |
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| subsid = |
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| website = {{URL|https://davidlloyd.co.uk}} |
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| footnotes = |
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| foundation = {{Start date and age|df=yes|1982}} |
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| location_city = [[Hatfield, Hertfordshire]] |
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| location_country = England, UK |
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| locations = {{Ubl |
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| 130 total |
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| 101 in the UK<!-- 99 of which are branded as David Lloyd --> |
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| 29 across Europe<ref>https://www.davidlloyd.co.uk/about-us David Lloyd Leisure. Retrieved 22 September 2022.</ref> |
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}} |
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}} |
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'''David Lloyd Leisure Limited''', [[trading as]] '''David Lloyd Clubs''' and commonly known simply as '''David Lloyd''', is a chain of [[health club]]s with its headquarters in the United Kingdom. It is the largest health, fitness and leisure business in Europe by revenue.<ref>https://www2.deloitte.com/content/dam/Deloitte/de/Documents/consumer-business/European-Health-and-Fitness-Market-2020-Reportauszug.pdf {{Bare URL PDF|date=March 2022}}</ref> and operates 130 clubs in nine countries. |
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==History== |
==History== |
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Former professional [[tennis]] player [[David Lloyd (tennis)|David Lloyd]] established David Lloyd Leisure in 1982 and opened the first club. |
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⚫ | By 1995, there were 18 David Lloyd Leisure clubs when [[Whitbread]] PLC acquired the company for £182 million,<ref name=bbc2007>[http://news.bbc.co.uk/1/hi/business/6717803.stm Whitbread sells David Lloyd gyms], BBC News, 4 June 2007. Retrieved 15 July 2011.</ref> incorporating it into its Restaurants & Leisure Division. Gerrard Duxbury remained as managing director of the division until 1996. |
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David Lloyd established David Lloyd Leisure in 1980 and opened the first club, aimed at providing a "family orientated" fitness and leisure facility. This was somewhat distinct to traditional gyms and sports centres of the time. There was also an emphasis on racquet sports yes nicky. |
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Whitbread ran more than 50 David Lloyd Leisure (DLL) clubs in the UK with a further number in Spain, the Netherlands and Belgium. However, by the mid-2000s, the business was giving Whitbread a poor financial return,<ref>{{cite news|last=Osborne|first=Alistair|title=Leisure boss ousted over poor figures|url=https://www.telegraph.co.uk/finance/2921501/Leisure-boss-ousted-over-poor-figures.html|access-date=15 July 2011|newspaper=Daily Telegraph|date=2 September 2005}}</ref> and on 2 August 2007 they sold it to [[London & Regional Properties]] and [[Bank of Scotland]] for £925 million. Whitbread used the proceeds from the sale to repay debt.<ref name=bbc2007/> |
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==Acquisition by Whitbread PLC== |
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London & Regional Properties already owned and operated Next Generation Clubs; the businesses were merged under the Next Generation Clubs' management team led by Scott Lloyd, David Lloyd's son.<ref name=nextgenerationclubs>{{cite web |url=http://www.nextgenerationclubs.co.uk/?p=press&a=1 |title=London & Regional Properties and Bank of Scotland acquire David Lloyd Leisure Ltd |access-date=15 July 2011 |author= |date=5 June 2007 |work=Press release |publisher=Next Generation Clubs |archive-url=https://web.archive.org/web/20071008061334/http://www.nextgenerationclubs.co.uk/?p=press&a=1 |archive-date=8 October 2007}}</ref> |
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⚫ | By 1995, there were 18 David Lloyd Leisure clubs when Whitbread PLC acquired the company for £ |
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[http://www.whitbread.co.uk/docs/Briefing_Book_2005_vol1.pdf Whitbread Briefing Book 2005]</ref>, who was replaced, firstly by Stewart Miller, and then by Mike Tye, who remains the head of the leisure club division today. |
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On 5 September 2013 London & Regional Properties agreed to sell David Lloyd Leisure to [[TDR Capital]] for £750m.{{citation needed|date=August 2023}} Since then, the company has grown from 90 clubs to 130 through both new build and acquisition of existing clubs and groups. David Lloyd [[Bicester]] became DLL's 130th club (and 101st Club in the UK) when it opened in September 2022. The company operates a further 29 clubs in Spain, Germany, France, Switzerland, Ireland, Belgium, Italy and the Netherlands.<ref name="AboutDLL">{{cite web |url=http://www.davidlloyd.co.uk/about-david-lloyd-leisure/the-david-lloyd-story |title=About |publisher=David Lloyd Leisure |access-date=2 December 2014}}</ref> |
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==Acquisition by London & Regional Properties== |
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On 2 August 2007 London & Regional Properties and Bank of Scotland acquired David Lloyd Leisure Ltd for £925 million. <ref name=reuters>[http://investing.reuters.co.uk/news/articleinvesting.aspx?type=allBreakingNews&storyID=2007-08-03T061848Z_01_WLB0124_RTRIDST_0_WHITBREAD-SALE-URGENT.XML Reuters]</ref> London & Regional Properties already own and operate Next Generation Clubs, the combined business will be run by the Next Generation Clubs' management team led by current CEO Scott Lloyd. <ref name=nextgenerationclubs> [http://www.nextgenerationclubs.co.uk/?p=press&a=1 Next Generation Clubs Press release]</ref> |
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Whitbread ran more than 50 David Lloyd Leisure (DLL) clubs in the UK and Ireland with a further number in [[Spain]], the [[Netherlands]] and [[Belgium]]. DLL is Britain's biggest tennis operator and manages more than 500 tennis courts. On 4 July 2007, Whitbread announced that it had conditionally agreed to sell the David Lloyd Leisure chain to Versailles Bidco Limited for £925million. Whitbread will initially use the proceeds from the Sale to pay down debt.<ref>[http://www.whitbread.co.uk/media.cfm?id=press_releases&view=229 "Sale of David Lloyd Leisure"] Whitbread plc. 4 June 2007 ''URL accessed 4 June 2007''</ref> |
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<blockquote> |
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“Following the success of the management action taken in DLL over the last eighteen months and a review of the health club market, we have decided that this sale represents excellent value for our shareholders. Whitbread is now well placed to deliver the ambitious growth plans for its hotels, restaurants and coffee shops.” ''Alan Parker, CEO, Whitbread plc'' |
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</blockquote> |
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==Current operations== |
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There are 78 clubs in the UK and 10 across Europe. <ref name=DLL>[http://www.whitbread.co.uk/our_businesses.cfm?id=david_lloyd_leisure David Lloyd Leisure]</ref> <ref name="AboutDLL">[http://www.davidlloyd.co.uk/home/aboutdavidlloyd]About David Lloyd Leisure</ref> |
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==External links== |
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*[http://www.davidlloydleisure.co.uk David Lloyd Leisure Official Site] |
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==References== |
==References== |
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{{Reflist}} |
{{Reflist}} |
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{{Whitbread}} |
{{Whitbread}} |
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{{Authority control}} |
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[[Category:Tennis venues in the United Kingdom]] |
[[Category:Tennis venues in the United Kingdom]] |
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[[Category:Health clubs in the United Kingdom]] |
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[[Category:Whitbread former divisions and subsidiaries]] |
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[[Category:Companies established in 1982]] |
Latest revision as of 05:01, 11 December 2024
David Lloyd Clubs | |
Formerly | Willacre Limited (1980–1993)[1] |
Company type | Private |
Industry | |
Founded | 1982 |
Founder | David Lloyd |
Headquarters | , England, UK |
Number of locations |
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Area served | UK, mainland Europe |
Key people |
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Services |
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Owner | TDR Capital |
Members | c.710,000 |
Number of employees | c.10,000 |
Website | davidlloyd |
David Lloyd Leisure Limited, trading as David Lloyd Clubs and commonly known simply as David Lloyd, is a chain of health clubs with its headquarters in the United Kingdom. It is the largest health, fitness and leisure business in Europe by revenue.[3] and operates 130 clubs in nine countries.
History
[edit]Former professional tennis player David Lloyd established David Lloyd Leisure in 1982 and opened the first club.
By 1995, there were 18 David Lloyd Leisure clubs when Whitbread PLC acquired the company for £182 million,[4] incorporating it into its Restaurants & Leisure Division. Gerrard Duxbury remained as managing director of the division until 1996.
Whitbread ran more than 50 David Lloyd Leisure (DLL) clubs in the UK with a further number in Spain, the Netherlands and Belgium. However, by the mid-2000s, the business was giving Whitbread a poor financial return,[5] and on 2 August 2007 they sold it to London & Regional Properties and Bank of Scotland for £925 million. Whitbread used the proceeds from the sale to repay debt.[4]
London & Regional Properties already owned and operated Next Generation Clubs; the businesses were merged under the Next Generation Clubs' management team led by Scott Lloyd, David Lloyd's son.[6]
On 5 September 2013 London & Regional Properties agreed to sell David Lloyd Leisure to TDR Capital for £750m.[citation needed] Since then, the company has grown from 90 clubs to 130 through both new build and acquisition of existing clubs and groups. David Lloyd Bicester became DLL's 130th club (and 101st Club in the UK) when it opened in September 2022. The company operates a further 29 clubs in Spain, Germany, France, Switzerland, Ireland, Belgium, Italy and the Netherlands.[7]
References
[edit]- ^ "DAVID LLOYD LEISURE LIMITED overview - Find and update company information - GOV.UK". Companies House. 8 September 1980. Retrieved 27 January 2024.
- ^ https://www.davidlloyd.co.uk/about-us David Lloyd Leisure. Retrieved 22 September 2022.
- ^ https://www2.deloitte.com/content/dam/Deloitte/de/Documents/consumer-business/European-Health-and-Fitness-Market-2020-Reportauszug.pdf [bare URL PDF]
- ^ a b Whitbread sells David Lloyd gyms, BBC News, 4 June 2007. Retrieved 15 July 2011.
- ^ Osborne, Alistair (2 September 2005). "Leisure boss ousted over poor figures". Daily Telegraph. Retrieved 15 July 2011.
- ^ "London & Regional Properties and Bank of Scotland acquire David Lloyd Leisure Ltd". Press release. Next Generation Clubs. 5 June 2007. Archived from the original on 8 October 2007. Retrieved 15 July 2011.
- ^ "About". David Lloyd Leisure. Retrieved 2 December 2014.