Former tennis star may net pounds 19m
Monday 07 August 1995
The peak of David Lloyd's tennis-playing career came in 1978, when he was a member of the first British team to reach the finals of the Davis Cup since 1937.
His career as a businessman was launched four years later and has gone from strength to strength.
It took Mr Lloyd's own savings of pounds 125,000 and a bank loan to set up David Lloyd Leisure. The first club at Heston, near Heathrow Airport, opened in 1982.
Leisure clubs with a wide range of facilities under one roof were a rarity in Britain then, although they were common in North America.
The group floated on the stock market in 1993, when it was valued at pounds 70.4m.
At Friday's closing share price of 341p, it was worth pounds 161.3m.
Analysts expect this year's profits to be around pounds 9m.
There are 13 clubs, with two more due to open this year and another six on the way.
Mr Lloyd said recently he was checking out another 74 sites and sees room for up to 200.
It will take the financial muscle of a bigger company to keep up this pace of expansion.
The Ferrari-driving chairman, an enthusiastic and determined 47-year- old who captains Britain's Davis Cup squad, left school at 15 with two 'O'-levels.
He owns an 8.5 per cent stake in the company and has options on 1.12 million shares exercisable at a price of 90p.
This week's deal could bring him pounds 19m - and his continued presence is seen as important to the clubs' success.
- 1 Scottish independence: Ireland since 1919 is a lesson for Scotland in what a Yes vote means
- 2 Thailand deaths: Pair's bloodied bodies found naked on Koh Tao beach
- 3 Lego breaks out of the toy box and heads for the gallery
- 4 Julian Assange and Edward Snowden join piracy mogul Kim Dotcom’s political campaign in New Zealand
- 5 Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Thailand deaths: Pair's bloodied bodies found naked on Koh Tao beach
Jihadi John': MI5 may have identified Isis militant who killed David Haines but options limited
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: Police will be on high alert on Friday whatever the result
David Haines beheading: David Cameron says Britain will hunt down Isis 'monsters' shown in video murdering aid worker
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Salmond accused of laughing off national debt with ‘what are they going to do: invade?’ joke
iJobs Money & Business
£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...
£20 - 24k + Benefits: Guru Careers: This is a great opportunity for an enthusi...
£280 - £320 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...