Industry ranking
| 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 2020 - 31 Dec 2020 | 29 Jan 2021 | 21 | 88% | 10% | 2% | 54% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 26 | 71% | 24% | 5% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 31 | 60% | 32% | 7% | 53% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 27 | 67% | 27% | 5% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 27 | 66% | 20% | 14% | 36% |
| 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?
❌
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 registered as a holding company (SIC 64209) and is the parent of The Gym Group, a UK gym operator trading under that name. The group runs 24-hour, no-contract gyms across 264 locations in the UK, offering flexible memberships, free fitness classes and access to gym equipment. Membership tiers include Ultimate, Standard and Off-peak options, with pricing from £14.99 plus a joining fee. The group also offers personal training bookings, a mobile app for class bookings, and additional services such as branded sports water dispensers. It positions itself as an affordable, flexible alternative to traditional contract-based gyms.
Generated from the company's website and Companies House records. Sources: thegymgroup.com · thegymgroup.com