| 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 2019 - 31 Dec 2019 | 30 Jan 2020 | 41 | 45% | 43% | 13% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 43 | 39% | 46% | 15% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 45 | 43% | 41% | 16% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 45 | 43% | 42% | 15% | 12% |
This information is as reported by the business, and responses are in their own words.
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
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.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Pure Gym Limited is a UK company registered in Leeds, operating under the SIC code for fitness facilities. It is part of the Pure Gym group, with Gym Bidco Limited holding a controlling stake of 75% or more since 2016. The registered entity trades in the gym and fitness sector, providing physical fitness facilities. Incorporated in 2008, the company was originally registered under a different name before adopting its current one. Structured evidence indicates its industry classification as gyms and spas and physical fitness coaching and training, consistent with the operation of fitness centres in the United Kingdom.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk