| 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 2020 - 30 Jun 2020 | 30 Jul 2020 | 26 | 71% | 24% | 5% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 15 | 86% | 14% | 0% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment term of 30 days
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
30
Any dispute is passed to the accounts payable team and resolved as soon as possible. If payment is required, it is added to the next available payment run.
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
The Gym Group PLC is a UK-based fitness company that offers affordable and convenient gym memberships. The company operates over 200 gyms across the UK, with a focus on providing a high-quality fitness experience at a low cost.
The company's sustainability program includes initiatives such as using energy-efficient equipment, reducing waste, and promoting sustainable transportation options for members. They also have a partnership with Trees for Cities, where they plant a tree for every new member who joins.
The Gym Group PLC offers a range of products and services, including access to state-of-the-art gym equipment, group exercise classes, and personal training sessions. They also have a mobile app that allows members to book classes, track their progress, and connect with other members for support and motivation.
The key people at The Gym Group PLC include CEO Richard Darwin, who has over 20 years of experience in the fitness industry, and CFO Mark George, who has a background in finance and operations. The company's registered office address is in Epsom, Surrey, and their website is www.thegymgroup.com.
In conclusion, The Gym Group PLC is a leading fitness company in the UK, with a commitment to sustainability and providing affordable and convenient gym memberships. With a range of products and services and a dedicated team of professionals, they strive to make fitness accessible to all.