Firm says it is in in discussions with banks as membership plunges by 200,000
The Gym Group, one of Britain’s largest operators of low-cost gyms, has opened talks with lenders after reporting that revenues almost halved last year and member numbers plunged by more than 200,000 due to the pandemic.
The company, which runs 184 gyms across the UK, said revenues fell by 48% year on year from £153m to £80.5m as pandemic restrictions across the UK cost it 45% of trading days last year.
