The business was floated on the London Stock Exchange in 1992 and by 1995, there were 18 David Lloyd Leisure clubs, when Whitbread Plc acquired the company for a reported £200 million, a record in the City at that time, incorporating it into its Restaurants & Leisure Division.
Lloyd, together with his son Scott, went on to create Next Generation fitness clubs and in 2007, London & Regional Properties in partnership with Bank of Scotland, acquired David Lloyd Leisure from Whitbread and incorporated Next Generation into the group, in a deal worth £925 million.