I am very excited to be working with a number of key partners to promote the David Lloyd’s Developments Bond.
My very first concept, David Lloyd Leisure Clubs, is now a very well-established brand in both UK and many parts of Europe as one of the market leading leisure and fitness companies. It is one of the biggest legacies that I am proud to have created by myself from scratch.
In 1992, I floated the David Lloyd Leisure Clubs on the London Stock Exchange and 3 years later the business was acquired for £200 million by Whitbread Plc (“Whitbread”), which was a record in the City at that time.
I then started another brand of fitness clubs called Next Generation with my son, Scott Lloyd, and in 2007, London & Regional Properties in partnership with Bank of Scotland acquired David Lloyd Leisure from Whitbread and incorporated Next Generation into the group, in a deal worth £925 million.
I am now building my first indoor and outdoor multi-activity centre for people of all ages and levels of fitness, called Adrenalin World. Each building will be purpose built and fitted with the latest modern equipment manufactured to our specification. In relation to which, [my] operating companies, trading under Adrenalin World, will become a long-term tenant of the property, which in turn [is] owned by the Company issuing the Bonds.
David Lloyd (Chairman)