PURE GYM LIMITED

Company number: 06690189

Reporting period:
1 July 2018 to 31 December 2018

This information is as reported by the business, and responses are in their own words.

This report was filed on 30 January 2019

and approved by Laura May

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

within 30 days: 43%
in 31 to 60 days: 41%
in 61 days or more: 16%

Invoices due but not paid within agreed terms: 16%

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?

Answer not provided

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

N/A

Dispute resolution process

All payment disputes are dealt with by the Accounts Payable department by contacting accountspayable@puregym.com or calling 0113 220 1501. 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 Prompt 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.

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?