Key facts
- David Lloyd gyms' owner, TDR Capital, is exploring a £4bn IPO on the London Stock Exchange.
- The gym group reported a profit of £32.3m for the year ending December 2024, a turnaround from a £25.7m loss the prior year.
- Revenues increased by 14% to £860.8m in the latest fiscal year.
- TDR Capital acquired David Lloyd gyms for £750m in September 2013.
- The company operates 149 clubs globally and has become the UK's largest operator of padel courts.
David Lloyd gyms, owned by private equity firm TDR Capital, is reportedly considering a £4 billion initial public offering (IPO) on the London Stock Exchange. This potential listing would represent a significant boost for the capital's stock market, which has seen a decline in high-profile floats in recent years. TDR Capital acquired the luxury gym group for £750 million in September 2013 and has since expanded its operations to 149 clubs worldwide. The company has also invested in leisure offerings like spa retreats and has become the UK's largest operator of padel courts. In its most recent financial update, David Lloyd reported a return to profit, with earnings of £32.3 million for the year ending December 2024, compared to a loss of £25.7 million in the previous year. Revenues saw a 14% increase, reaching £860.8 million. Policymakers are actively encouraging retail investing to stimulate interest in the UK's capital markets. This move by David Lloyd could be part of a trend, with other high street chains such as Boots, Primark, and Waterstones also rumored to be considering London listings.