'We're burning through about £500,000 a day' says PureGym owner

Jane McGuire
·1-min read
Photo credit: SOPA Images - Getty Images
Photo credit: SOPA Images - Getty Images

From Runner's World

  • Speaking on the BBC's Today programme, PureGym owner Humphrey Cobbold said, 'We are burning about £500,000 a day and that's the average over eight months of closure'.

  • Prime Minister Boris Johnson is to announce his 'roadmap' out of lockdown this evening, Monday 22 February, but it is expected that non-essential businesses might not open till May.

It's been a difficult year for gyms and leisure centres, which have been forced to close during the multiple coronavirus lockdowns across the UK. Humphrey Cobbold, owner of budget gym franchise PureGym has said the lockdown is costing his business 'about £500,000 a day'.

The closures have meant about £120m of costs with no revenue for the 275 gyms. It has been speculated that non-essential businesses will not be allowed to re-open until May.

'It's been brutally tough' said Cobbold. While the Government furlough scheme has helped pay staff wages, he has still had to raise funds from investors to help the business survive.

He did say that the business is ready to re-open when it can safely do so. 'The sooner the better within safe operating procedures for us,' he said. 'We can make a massive contribution to the health of the nation'.

The Prime Minister is set to announce his 'roadmap' out of lockdown later today.

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