Puregym Ltd loss running at £500K per day

Adrian Lawrence Podcast

In today's podcast Adrian Lawrence our resident financial expert talks of a news story in today's press that Pure Gym Ltd are loosing £500K per day as a result of the lockdowns. They are not collecting gym subscriptions and they have staff furloughed, but unlike their competitors they run a lean model with gyms open 24 hours supported by remote monitoring and with limited staff numbers.

It is a very challenging time for the company given their levels of losses, and the news that the UK is gradually returning to normal will be very welcome news indeed for them.

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