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NEWS
Humphrey Cobbold tells BBC Question Time about the impact of coronavirus on Pure Gym
POSTED 27 Mar 2020 . BY Liz Terry
Humphrey Cobbold, CEO of Pure Gym, discusses the coronavirus shutdown on BBC Question Time, 26 March 2020 Credit: Liz Terry/BBC Question Time
Humphrey Cobbold, CEO of Pure Gym, appeared on BBC Question Time last night (26 March 2020), along with Richard Horton, editor-in-chief of The Lancet, Emily Thornberry, shadow foreign secretary and Robert Jenrick, housing, communities and local government secretary.

The ‘audience’ was beamed in via video conferencing to ask questions and the panel observed social distancing, with a reduced number of panellists to reflect this.

Cobbold, who closed Pure Gym’s 265 sites on Friday 20th told Question Time this had only taken 10 hours, saying: “A business that took us 10 years to build only took 10 hours to close down.”

He praised his staff for their swift response, saying: “I’ve got a tremendous amount of respect for all my colleagues across our business and other businesses that experienced the same situation.

“We had to close in the national interest – we knew it would happen at some stage.

“To have young people close down their place of work and essentially put themselves into jeopardy for the future is a very challenging thing for them to have done,” he said.

Cobbold explained his concern for the fate of the 3,000 plus self-employed personal trainers who were working at Pure Gym at the time of the closure, but said the chancellor’s support package for the self-employed was very welcome: “I was very pleased to see the steps the Chancellor took this evening in terms of putting together a package for self-employed people."

He hinted this may still leave some vulnerable, however, saying: “It’s a very complex situation – the average tenure of the personal trainers who work in our gyms is typically eight or nine months, so many of them won’t have the trading history needed in order to claim.

“Many of them are also recently qualified and new to the game of being self-employed as well and so they might not be familiar with many of the features that are required [to make a claim under the new scheme].”

Cobbold explained Pure Gym will be assisting its personal trainers with their applications for government support in every way possible, saying: “We’ll be supporting and helping them with the interpretation of the package the chancellor has put together and I’m heartened to hear [from Robert Jenrick] that there will be attention paid to people who may not have the perfect trading history.”

He took a definite position in defining the relationship between personal trainers and the business, saying: “We’ll be looking to do our part for them as much as we can, as the operator of the environment in which they earned their living previously.

“We’re absolutely committed to trying to help them in every way we can, as part of our overall ecosystem as a business.”

Cobbold had been critical of the government’s financial approach to the crisis in the week leading up to the closure, saying: “[Pure Gym] is too large for the new smaller companies’ scheme, but to qualify for the larger company scheme businesses have to have an investment rating.

"We're actually caught in the middle between both schemes. They're not really open to us," he told the BBC on 23 March.

“We burn £9m-£10m a week, so we have quite a task to drive down that burn rate, so we can make our cash and liquidity last as long as possible.”
RELATED STORIES
  FEATURE: Special report: First response


CEOs Humphrey Cobbold, of Pure Gym and Clive Ormerod of Les Mills talk about their initial response to COVID-19
  FEATURE: Ask the experts: European growth


How big could the European health and fitness industry grow? What models will have the biggest impact? We ask those who have the most up-to-date research
  Pure Gym plans further expansion following double-digit growth


Budget operator Pure Gym achieved double digit growth in revenue and profitability during 2018, cementing its position as the UK's largest gym chain.
  Gym Group and PwC report shows number of low-cost gyms could double by 2026


The Gym Group has tackled investor chatter about stagnation in market penetration by collaborating with PricewaterhouseCoopers (PWC) to release an independent report showing the number of low-cost gyms could double by 2026 to between 1200 and 1400 locations.
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Disney has reaffirmed its commitment to investing US$30 billion in its US parks and cruise business by 2033, using new America250 celebrations to underline the role its attractions play in supporting jobs, tourism and economic growth.
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NEWS
Humphrey Cobbold tells BBC Question Time about the impact of coronavirus on Pure Gym
POSTED 27 Mar 2020 . BY Liz Terry
Humphrey Cobbold, CEO of Pure Gym, discusses the coronavirus shutdown on BBC Question Time, 26 March 2020 Credit: Liz Terry/BBC Question Time
Humphrey Cobbold, CEO of Pure Gym, appeared on BBC Question Time last night (26 March 2020), along with Richard Horton, editor-in-chief of The Lancet, Emily Thornberry, shadow foreign secretary and Robert Jenrick, housing, communities and local government secretary.

The ‘audience’ was beamed in via video conferencing to ask questions and the panel observed social distancing, with a reduced number of panellists to reflect this.

Cobbold, who closed Pure Gym’s 265 sites on Friday 20th told Question Time this had only taken 10 hours, saying: “A business that took us 10 years to build only took 10 hours to close down.”

He praised his staff for their swift response, saying: “I’ve got a tremendous amount of respect for all my colleagues across our business and other businesses that experienced the same situation.

“We had to close in the national interest – we knew it would happen at some stage.

“To have young people close down their place of work and essentially put themselves into jeopardy for the future is a very challenging thing for them to have done,” he said.

Cobbold explained his concern for the fate of the 3,000 plus self-employed personal trainers who were working at Pure Gym at the time of the closure, but said the chancellor’s support package for the self-employed was very welcome: “I was very pleased to see the steps the Chancellor took this evening in terms of putting together a package for self-employed people."

He hinted this may still leave some vulnerable, however, saying: “It’s a very complex situation – the average tenure of the personal trainers who work in our gyms is typically eight or nine months, so many of them won’t have the trading history needed in order to claim.

“Many of them are also recently qualified and new to the game of being self-employed as well and so they might not be familiar with many of the features that are required [to make a claim under the new scheme].”

Cobbold explained Pure Gym will be assisting its personal trainers with their applications for government support in every way possible, saying: “We’ll be supporting and helping them with the interpretation of the package the chancellor has put together and I’m heartened to hear [from Robert Jenrick] that there will be attention paid to people who may not have the perfect trading history.”

He took a definite position in defining the relationship between personal trainers and the business, saying: “We’ll be looking to do our part for them as much as we can, as the operator of the environment in which they earned their living previously.

“We’re absolutely committed to trying to help them in every way we can, as part of our overall ecosystem as a business.”

Cobbold had been critical of the government’s financial approach to the crisis in the week leading up to the closure, saying: “[Pure Gym] is too large for the new smaller companies’ scheme, but to qualify for the larger company scheme businesses have to have an investment rating.

"We're actually caught in the middle between both schemes. They're not really open to us," he told the BBC on 23 March.

“We burn £9m-£10m a week, so we have quite a task to drive down that burn rate, so we can make our cash and liquidity last as long as possible.”
RELATED STORIES
FEATURE: Special report: First response


CEOs Humphrey Cobbold, of Pure Gym and Clive Ormerod of Les Mills talk about their initial response to COVID-19
FEATURE: Ask the experts: European growth


How big could the European health and fitness industry grow? What models will have the biggest impact? We ask those who have the most up-to-date research
Pure Gym plans further expansion following double-digit growth


Budget operator Pure Gym achieved double digit growth in revenue and profitability during 2018, cementing its position as the UK's largest gym chain.
Gym Group and PwC report shows number of low-cost gyms could double by 2026


The Gym Group has tackled investor chatter about stagnation in market penetration by collaborating with PricewaterhouseCoopers (PWC) to release an independent report showing the number of low-cost gyms could double by 2026 to between 1200 and 1400 locations.
MORE NEWS
Mubadala makes €1 billion bid for Pierre and Vacances
Abu Dhabi-based investment firm Mubadala Capital has made a binding, fully financed €1 billion offer to acquire Pierre and Vacances SA, the European holiday resort operator behind the continental European Center Parcs business.
Disney confirms US$30 billion investment programme as it highlights its economic impact
Disney has reaffirmed its commitment to investing US$30 billion in its US parks and cruise business by 2033, using new America250 celebrations to underline the role its attractions play in supporting jobs, tourism and economic growth.
Expo 2030 Riyadh will create a permanent global destination
Expo 2030 Riyadh is being planned as a permanent visitor destination, with organisers confirming the six-million-square-metre site will become a Global Village after the event closes.
Australian waterpark acquisition creates new leisure attractions group
The owner of one of Australia's best-known waterparks has acquired a major competitor, creating a new attractions business spanning two of the country's largest visitor destinations.
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COMPANY PROFILES
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
TechnoAlpin Indoor

TechnoAlpin is the world leader for snowmaking systems. With the Indoor snow division, TechnoAlpin c [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
29 Sep - 02 Oct 2026

Synergy - The Retreat Show

Pical Resort, Valamar Collection, Porec, Croatia
+ More diary  
 


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