David Lloyd, the UK-based health club chain, has reported a pre-tax profit of £32.2 million for 2024, marking its first profitable year since being acquired by private equity firm TDR Capital. This financial turnaround follows years of losses that had accumulated to around £600 million since the 2023 acquisition.
Much of the success is due to the booming interest in padel and pickleball, two fast-growing racket sports gaining traction across the UK and Europe. David Lloyd now operates 130 padel courts across 37 clubs and offers pickleball facilities at 76 locations, making it the largest provider of both sports in the UK.
Revenue for the year climbed from £756.3 million in 2023 to £860.7 million in 2024, driven by increased membership and a focus on premium offerings. Membership numbers rose by 3.9%, supported by like-for-like growth and the opening of two new clubs.
Founded in 1982 by former tennis professional David Lloyd, the chain now manages 134 clubs, including 105 in the UK and 29 across mainland Europe. The company plans to expand its padel offerings further by adding courts at 20 more clubs in 2025.
With strong market demand and strategic investments fueling its growth, David Lloyd is positioning itself as a leader in the evolving fitness landscape—where social, accessible sports like padel and pickleball are reshaping how people stay active.
