David Lloyd to splash £500m on new openings

7th May 2024 | Jack Oliver

David Lloyd is set to spend £500m on an expansion plan which will see it open 15 new clubs over the next three to four years and 50 new spa resorts over the next six years.

The health and leisure business’s chair, Glenn Earlam, told The Sunday Times that the company had performed well post-Covid, despite the cost-of-living crisis.

“People are willing to prioritise health, fitness and wellness in a post-covid world relatively more than they were beforehand”, he told the paper.

Earlam added: “We have a lot of people that work from clubs. We have a really nice environment, separate work spaces where you can get your laptop out. Many people go into the office two or three days a week and during the other two or three days it’s just a bit too much being at home all the time. So they break it up and go and work in a David Lloyd club for half a day.”

The £500m investment comes with the support of private equity owner TDR Capital, which acquired David Lloyd from co-owners London & Regional and Caird Capital in 2013 for £750m. The investment will also pay for the construction of 60 new padel courts.

In November, David Lloyd said it had identified the opportunity for 46 new sites in the UK.


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