BANNATYNE FITNESS LIMITED
Company number: 03287770
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
23 July 2025
Approved by:
Stephen Garrett
Payment statistics
Average time taken to pay invoices: 53 days
Total value paid:
- within 30 days: £17,000,000 (50%)
- in 31 to 60 days: £12,000,000 (35%)
- in 61 days or more: £5,000,000 (15%)
Invoices paid:
- within 30 days: 9%
- in 31 to 60 days: 49%
- in 61 days or more: 42%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £600,000
- payments due in the reporting period which have not been paid within the agreed period: 3%
- not made in the reporting period due to a dispute: 3%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
We pay most suppliers 60 days to month end
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Bannatyne Fitness Ltd dispute
resolution process for suppliers
Contact routes for resolution :
Procurement/ purchase order
queries Supplier invoice queries
purchaseledger@bannatyne.co.
uk Phone 01325 356677 All
invoices and statements should
be sent to the email above.
Invoices cannot be processed
or paid without a valid
Bannatyne purchase order
number for us to match to.
Please do not supply goods
without one. We will contact you
to return any invoices without a
purchase order. If any invoice is
disputed or a credit note is
required we will contact you by
email within 3 weeks of receipt.
We will reconcile the statement
you send at the end of the
month and contact you to let
you know if we are missing
invoices. We will pay invoice by
Bacs after each month end and
you will be emailed a remittance
advice. Our standard terms are
60 days from end of month.
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