Common Bond Closes All Fitness Studios in London

Common Bond, the fitness company behind Barrecore, Boom Cycle, and Kobox, has closed all its studios in London. Customers received an email stating that the locations would remain closed 'until further notice.' The company, which describes itself as a wellness collective, charges £2,400 for 12 months of unlimited classes and also operates the Reformcore and Triyoga brands. In August 2022, Common Bond reported having ten sites. The company's website is currently inaccessible, and the BBC has reached out for comment. The email sent to customers on Wednesday expressed regret for the inconvenience caused by the closures. Instructors reported that they were informed last week about delayed payments and learned of the studio closures through the email. One instructor noted that she continued to teach classes without any updates on payment. The extent of the impact on instructors and customers remains unclear. Company filings indicate that Common Bond was incorporated in June 2022 and has not yet published financial accounts. The most recent filings show that director Ben Allen left the role last month, with Gaspar Lipszyc listed as the only current director. Barrecore specializes in barre, a fitness discipline that combines elements of pilates, ballet, and yoga, which has gained popularity in recent years.