David Lloyd owners ‘pondering sale’

The gym chain, which runs 79 centres in Britain and a further 10 across Ireland, Belgium, the Netherlands and Spain, is owned jointly by the billionaire Livingstone brothers and Lloyds Banking Group’s private equity vehicle Caird Capital.

Taxpayer-backed Lloyds is intent on restructuring the finances of the business, which has ballooned into the bank’s second largest corporate debt, which could lead to a potential sale, reports said.