Pinnacle Bidco PLC 2020 AR2
The report details the financial and operational performance of Pinnacle Bidco PLC (PureGym Group) for the fiscal year ended December 31, 2020, which was significantly impacted by the COVID-19 pandemic. Despite facing widespread gym closures, the company successfully completed the acquisition of the Fitness World group in Denmark and Switzerland, expanding its European footprint. To secure its financial position, the Group executed a comprehensive recapitalisation, securing £236 million in available liquidity and covenant waivers until 2024. Additionally, the company demonstrated its commitment to sustainability by transitioning its controllable UK gym power supply to 100% renewable wind energy.
Company: Pinnacle Bidco PLC
Sector: Arts, sports & recreation
Country: United Kingdom
Year: 2020
Type: AR2
Pages: 93
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Pinnacle Bidco PLC
Annual Report And Consolidated Financial Statements
The report details the financial and operational performance of Pinnacle Bidco PLC (PureGym Group) for the fiscal year ended December 31, 2020, which was significantly impacted by the COVID-19 pandemic. Despite facing widespread gym closures, the company successfully completed the acquisition of the Fitness World group in Denmark and Switzerland, expanding its European footprint. To secure its financial position, the Group executed a comprehensive recapitalisation, securing £236 million in available liquidity and covenant waivers until 2024. Additionally, the company demonstrated its commitment to sustainability by transitioning its controllable UK gym power supply to 100% renewable wind energy.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women on Board
Women in Management
Employees