DW Sports administration exercises BDO
5 Aug 2020
BDO business restructuring partners, Graham Newton and Ryan Grant, have been appointed joint administrators of fitness chain Dave Whelan Sports Ltd (DW Sports), which has collapsed putting 1,700 jobs at risk
5 Aug 2020
DW Sports currently operates 73 gym and 50 retail sites in the UK, with 25 of the stores having closed prior to administration.
Consistent with the relevant government guidelines, 59 gym sites have re-opened in England and Northern Ireland. The remaining 14 gym sites in England, Wales and Scotland will re-open where possible in accordance with the latest government guidelines for those locations.
Trading through the DW Sports website has also ceased with immediate effect. Closing-down sales have commenced across the remaining retail sites, with discounts being applied across all product lines.
As a result of the administration, all 1,704 roles across the business are at risk of redundancy, although BDO said the administrators will be working towards saving as many jobs as possible through a possible sale of all or part of the business as a going concern.
Separately, tour operator Hays Travel, which bought 544 Thomas Cook high street shops when the travel firm collapsed last year, has said around 20% of its workforce may lose their jobs because of the impact of new coronavirus travel restrictions on holiday bookings.
Hays Travel took on more than 2,000 former Thomas Cook employees, but has now initiated a redundancy consultation affecting up to 878 of its 4,500 staff, primarily those working in staff training as travel consultants and the foreign exchange division.
The company, which specialises in trips to Spain, said: ‘We are devastated that after all of our efforts and the huge investment we've made, we now face losing some of our valued employees, through no fault of their own.
‘Following the decision to ban travel to Spain and the changes in furlough conditions coming at the same time, we have had no choice.’