Wednesday, February 24, 2021

Audible - we love hearing you


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 https://www.audible.com/pd/Adrian-Lawrence-Podcast-Podcast/B08K56WNR1

 

Puregym Ltd loss running at £500K per day

Feb 23 2021

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.

https://www.audible.com/pd/Puregym-Ltd-loss-running-at-500K-per-day-Podcast/B08X8ZJYMP

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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