PURE GYM LIMITED
Company number: 06690189
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
30 July 2019
Approved by:
Alexander Wood
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 39%
- in 31 to 60 days: 46%
- in 61 days or more: 15%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 21%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
Answer not provided
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
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
180 days
No further comment provided
Any other information about payment terms
No further comment provided
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? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No