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
- 2023.0
- Turnover
- 172900000.0
- EBITDA
- 56500000.0
Additional Details
- Website
- https://thegymgroup.com
- Company Type
- Private limited Company
- Incorporated On
- 21 December 2005
- Nature of Business
- 93130 - Fitness facilities
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 22 | 88% | 11% | 1% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 26 | 67% | 29% | 4% | 39% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 22 | 79% | 18% | 3% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 20 | 85% | 14% | 1% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 20 | 89% | 10% | 1% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 21 | 84% | 14% | 2% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 15 | 94% | 4% | 1% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 21 | 81% | 17% | 2% | 28% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 16 | 94% | 5% | 1% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 14 | 97% | 3% | 0% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 13 | 96% | 3% | 1% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 16 | 93% | 4% | 3% | 17% |
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
Company Review
Trend Analysis
The data shows that from 2018 to 2021, there was a consistent decrease in the average time taken for THE GYM LIMITED to pay invoices, with the lowest average time of 13 days in the period of Jul-Dec 2018. However, in the most recent period (Jul-Dec 2021), there was a slight increase in the average time taken to pay invoices.
Volatility Analysis
The data also shows a relatively stable trend in the percentage of invoices paid within 30 days, with a high of 97% in Jan-Jun 2019 and a low of 81% in Jan-Jun 2020. However, there is a noticeable increase in volatility in the percentage of invoices paid between 31 and 60 days, with a high of 29% in Jan-Jun 2023 and a low of 3% in Jul-Dec 2018. The percentage of invoices paid after 60 days also shows some volatility, with a high of 4% in Jan-Jun 2023 and a low of 0% in Jan-Jun 2019.
Summary Analysis
In the last three periods (2021-2023), THE GYM LIMITED has consistently paid invoices within an average of 22 days. The percentage of invoices paid within 30 days has ranged from 79% to 89%, while the percentage of invoices paid between 31 and 60 days has ranged from 10% to 18%. The highest percentage of invoices paid later than 60 days was 4% in Jan-Jun 2023. The shortest standard payment period has remained consistent at 7 days.
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
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.
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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.
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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.
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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
