Common Bond, the parent company of Barrecore, Boom Cycle, and Kobox, has abruptly closed all its London studios, informing customers via email that they are closed 'until further notice.' The company's website is currently inaccessible, and instructors were reportedly informed of delayed payments just before the closures were announced.
The sudden shutdown raises concerns for both customers and employees, as many instructors were unaware of the situation until receiving the email. Common Bond, incorporated in June 2022, has not yet published financial accounts, and its leadership has recently changed, adding to the uncertainty surrounding the company's future.