David Lloyd Leisure: Difference between revisions
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[[David Lloyd (tennis)|David Lloyd]] established David Lloyd Leisure in 1982 and opened the first club, aimed at providing a family orientated, high quality fitness and leisure facility. This was somewhat distinct from the traditional gyms and sports centres of the time. There was also an emphasis on racquet sports. |
[[David Lloyd (tennis)|David Lloyd]] established David Lloyd Leisure in 1982 and opened the first club, aimed at providing a family orientated, high quality fitness and leisure facility. This was somewhat distinct from the traditional gyms and sports centres of the time. There was also an emphasis on racquet sports. |
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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. |
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. He is also well-known for his successful animal feed business Lloyd's due to his background in agriculture. |
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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|accessdate=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/> |
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|accessdate=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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Revision as of 15:16, 2 December 2019
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| Company type | Limited company |
|---|---|
| Industry | Health club, gym, tennis |
| Founded | 1982 |
| Founder | David Lloyd |
| Headquarters | Hatfield, Hertfordshire , England |
Number of locations | 115 total 99 in the UK 15 across Europe 1 in India [1] David Lloyd Leisure. Retrieved 11 November 2019. |
Area served | UK, Europe, India |
Key people | Glenn Earlam, Chief executive |
| Services | Premium Racquets and Leisure Clubs |
| Owner | TDR Capital |
| Members | c.440,000 |
Number of employees | c.6000 |
| Website | www |
51°45′54″N 0°14′24″W / 51.765°N 0.240°W David Lloyd clubs is a British multinational sports, health and leisure business that runs health clubs and gyms across Europe mainly in the United Kingdom.
History
David Lloyd established David Lloyd Leisure in 1982 and opened the first club, aimed at providing a family orientated, high quality fitness and leisure facility. This was somewhat distinct from the traditional gyms and sports centres of the time. There was also an emphasis on racquet sports.
By 1995, there were 18 David Lloyd Leisure clubs when Whitbread PLC acquired the company for £182 million,[2] incorporating it into its Restaurants & Leisure Division. Gerrard Duxbury remained as managing director of the division until 1996. He is also well-known for his successful animal feed business Lloyd's due to his background in agriculture.
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,[3] 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.[2]
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.[4]
On 5 September 2013 London & Regional Properties agreed to sell David Lloyd Leisure to TDR Capital for £750m. TDR Capital will invest £50m into existing clubs and to further expand its UK & European operations[5]
In February 2017, David Lloyd Clubs was named as number 21 in the Sunday Times’ Top 30 Best Companies to work for in the UK. The recognition is due to it achieving a high engagement score on the Best Companies’ survey, which was completed by a random sample of its teams in which it asked them for their views on working for the company, revealing how proud and engaged their team members are to work for David Lloyd Clubs.
The accreditation comes on the back of a £120 million investment over the last two years, made by owners TDR, to refurbish and develop its existing clubs, as well as construct a further five new clubs in Newbury, Rouken Glen (Glasgow) and Colchester, plus Antwerp in Belgium and Aravaca in Madrid.
Current operations
David Lloyd clubs currently operate 99 clubs in the United Kingdom as well as 15 in Europe in Spain, Germany, Ireland, Belgium, Italy and the Netherlands .[6]
References
- ^ https://www.davidlloyd.co.uk/about-us
- ^ 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.
- ^ Blitz, Roger (5 September 2013). "TDR Capital snaps up UK's David Lloyd Leisure". Financial Times. Retrieved 24 March 2016.
- ^ "About". David Lloyd Leisure. Retrieved 2 December 2014.
External links
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