LA Fitness co-founder David Turner acquires the assets of The Leisure Database Company following its liquidation

LA Fitness co-founder David Turner acquires the assets of The Leisure Database Company following its liquidation
By Frances Marcellin    02 Jun 2022

The new State of the United kingdom Exercise Field Report has just been released by LeisureDB / Jacob Lund/Shutterstock

Co-founder of LA Health, David Turner has acquired the property of The Leisure Databases Business out of liquidation.

Turner’s organization, Addleisure Ltd is the new operator of the organization – it will trade as LeisureDB with Minton as a director

Adhering to a funding injection, Minton confirms the corporation will operate as standard, honouring all buyer obligations

Turner and Minton prepare to perform with each other to extend LeisureDB’s investigate and report supply

LA Conditioning co-founder, David Turner, has acquired the property and IPs of The Leisure Databases Firm Ltd out of liquidation via his company, Addleisure. It will trade as LeisureDB.

The Leisure Database Organization – led by David Minton – has been providing sector intelligence and exploration-pushed experiences on the health and fitness industry because 1980, with its once-a-year Point out of the Health and fitness Business Report.

LeisureDB is anticipated to reward from important expenditure from Turner, who will do the job facet by side with Minton and his staff to push the company ahead.

The Leisure Database Company Ltd went into liquidation on 23 May, with Minton officially becoming a member of Addleisure as a director on 30 May 2022 next a Registration of a Cost submitting at Firms Home on 25 May 2022 by Addleisure Ltd and liquidators Begbies Traynor.

Minton confirmed to HCM that the refinanced business will proceed to function as usual in just the new enterprise structure, underlining that all present clients and clients will practical experience no alter to their current operating associations or contracts.

“We’ve just concluded investigating the initially State of the British isles Health Industry Report for a few several years,” he reported, “with the most thorough business-broad research given that 2019.

“The report has just been revealed and is offered now for obtain and we have embarked on a new pipeline of further field reports scheduled during the coming year.”

Headline quantities from The Condition of the United kingdom Fitness Marketplace Report 2022 had been launched on 25 May well, on the exact same working day as LeisureDB’s sector meeting – Evolve – in London, which was attended by lots of outstanding customers of the physical fitness market. The comprehensive report was released on 30 May.

Turner has been in the marketplace since 1978 and pursuing the sale of LA Exercise in 2005 for £168m, he joined Esporta Health and Health Golf equipment in 2007 to assist put together the enterprise for sale. For the past forty yrs, he has also acted as a guide, specialising in enterprise investigation and strategic scheduling.

Each Minton and Turner are dedicated to a upcoming that envisions a further financial investment into sources that will lengthen LeisureDB’s investigate and report delivery.

“We have plans in spot to help LeisureDB to guidance the market with a lot more beneficial analytics and data, and with standard updates in different formats, which is so critical for equally operators and investors,” claimed Minton.