Puregym Ltd loss running at £500K per day
Description
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.
To learn more about Reporting Accounts and how we hold information and insights into more than 4.8 million UK companies including pure gym group Ltd https://www.reportingaccounts.com/uk/06690189/pure-gym-limited please visit our website.
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