PURE GYM LIMITED

Company Information

Company Number
06690189
Registered Address
Town Centre House, Merrion Centre, Leeds, LS2 8LY
Status
Active
Employee Count
3,361
Turnover
£308,100,000
EBITDA
£109,000,000

Additional Details

Company Type
Private limited Company
Incorporated On
5 September 2008
Nature of Business
93130 - Fitness facilities
Industries
Healthcare And Wellbeing
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
41 days
Shortest Period:45 days
Longest Period:0 days
Max Contractual:180 days

Payment Timeline

Within 30 Days
45%
31-60 Days
43%
After 60 Days
13%
Not Paid Within Terms21%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-01-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2018 - 30 Jun 201824 Jul 20184543%42%15%12%

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

Our standard terms are 31 days following the end of month (unless otherwise agreed) making an average of 45 days from invoice.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

180

Dispute Resolution Process

All payment disputes are dealt with by the Accounts Payable department by contacting accountspayable@puregym.com. All queries are managed in accordance with our internal processes, as quickly as possible and are escalated where necessary. Disputes will be investigated by the Accounts Payable team, who will liaise with the appropriate personnel within Pure Gym to resolve the query.

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

PURE GYM LIMITED is a leading fitness company in the UK, providing affordable and convenient gym memberships to its customers. The company was founded in 2009 and has since expanded to over 300 locations across the country.

The main focus of PURE GYM LIMITED is to provide a high-quality gym experience at an affordable price. Their gyms are open 24/7 and offer a wide range of equipment and classes, making it convenient for customers to fit exercise into their busy schedules.

In addition to their fitness services, PURE GYM LIMITED also has a strong sustainability program in place. This includes using energy efficient equipment and promoting recycling and waste reduction in their gyms. They also encourage their members to use sustainable modes of transportation to get to the gym.

The company is led by a team of experienced and dedicated individuals, including CEO Humphrey Cobbold, who has a wealth of experience in the fitness industry. They are committed to providing excellent customer service and constantly improving their services to meet the needs of their members.

For more information on PURE GYM LIMITED and their services, customers can visit their website at www.puregym.com. The company's registered office address is 9th Floor, Bond Street House, 14 Clifford Street, London, W1S 4JU. Overall, PURE GYM LIMITED is a reputable and sustainable company that is dedicated to helping people achieve their fitness goals in a convenient and affordable way.

Financial Metrics

Cash
£193,000,000
Net Worth
£265,500,000
Total Current Assets
£216,300,000
Total Current Liabilities
£126,400,000

Company Location