THE GYM LIMITED
Company Information
- Company Number
- 05659669
- Registered Address
- Fifth Floor, No 1 Croydon, 12-16, Addiscombe Road, Croydon, England, CR0 0XT
- Status
- Active
- Employee Count
- 1,837
- Turnover
- £226,300,000
- EBITDA
- £76,700,000
Additional Details
- Website
- https://thegymgroup.com
- Company Type
- Private limited Company
- Incorporated On
- 21 December 2005
- Nature of Business
- 93130 - Fitness facilities
- Industries
- Physical Health
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 21 | 86% | 13% | 1% | 19% |
| 01 Jul 2024 - 31 Dec 2024 | 12 Feb 2025 | 19 | 86% | 13% | 1% | 18% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 18 | 89% | 10% | 1% | 13% |
| 01 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 22 | 88% | 11% | 1% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 22 | 79% | 18% | 3% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 20 | 89% | 10% | 1% | 17% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 21 | 81% | 17% | 2% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 16 | 93% | 4% | 3% | 17% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms The Gym Limited (“TGL”) typically agrees supplier payment terms of 30 days. TGL makes weekly payment runs to suppliers. Variations to the standard payment terms are by exception and include: • Landlords – all rental invoices are paid as contractually agreed • Construction, Self Employed Professionals and Utilities – all undisputed invoices are paid within 14 days • Maintenance - all undisputed invoices are paid within 7 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
60
Dispute Resolution Process
Any disputes between TGL and its suppliers are investigated and resolved as quickly as possible by the Accounts Payable team. All escalations are directed to the Accounts Payable Manager. Where payments are required, they are added to the next available payment run.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
The Gym Limited is a British chain of gyms that offers a wide range of fitness activities and classes to its members. The company is committed to sustainability and has implemented various initiatives to reduce their carbon footprint and promote environmentally-friendly practices.
The company's sustainability program includes using energy-efficient equipment and lighting, recycling waste materials, and promoting the use of public transportation among its employees and members. The Gym Limited also offers eco-friendly products such as reusable water bottles and sustainable workout apparel to its members.
The gym offers a variety of fitness programs, including group classes, personal training sessions, and access to state-of-the-art gym equipment. They also have a mobile app that allows members to track their progress and book classes.
The key people at The Gym Limited include CEO Richard Darwin and Chairman Paul Gilbert. The company's registered office address is located at 5th Floor, One New Change, London, EC4M 9AF.
For more information on their services and sustainability efforts, individuals can visit their website at www.thegymgroup.com. The Gym Limited strives to provide a sustainable and inclusive fitness experience for all its members while promoting a healthier lifestyle.
