Their own payment-practices filing · gov.uk
How long does Gymshark Ltd take to pay its suppliers?
Self-reported figure from their statutory filing. How this is compiled.
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 5 Jul 2012
- Registered office
- G.S.H.Q. BLYTHE VALLEY PARK, SOLIHULL, B90 8AB
Terms vs reality
Stated terms: 0–90 days. Reported average: 59.
At a glance
The key figures
Vs peers · latest reported averages
The pattern
Getting slower
Average days to pay across their last 3 statutory reports.
Where their supplier invoices land · latest period
The read · computed from their figures
Gymshark Ltd has filed 3 statutory payment periods (earliest H1 2023). Their latest report puts the average at 59 days against stated terms of 0–90 days.
The direction is slower: from 38 to 59 days over the window — about 21 days slower.
In the latest period 61% of invoices were paid outside their agreed terms, and 41% landed 61+ days out.
In their own words · from the filing
Standard payment terms
Gymshark’s standard payment terms are: for stock, 60 days from date of hand over unless agreed otherwise; for non-stock, 30 days paid on the 5th working day of each month unless agreed otherwise.
Dispute resolution
All disputes are initially dealt with by Accounts Payable. We have a designated Accounts Payable contact for each business segment to ensure queries are dealt with in a timely manner. If bank details are in dispute, invoices are placed on hold in the system until resolution. Any invoices that are resolved would go through for payment on the next available pay run which is done once a month on the 5th working day of the month.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2024 | 59 | 61% | 41% | 13 Dec 2024 |
| H1 2024 | 50 | 56% | 29% | 21 Feb 2024 |
| H1 2023 | 38 | 64% | 24% | 28 Feb 2024 |
Working-capital effect
What a 59-day cycle ties up
Illustrative. On a hypothetical £12k/month account, at a 59-day vs a 0-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers
Are they getting slower or faster?
What's their typical pay point?
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-08130873 · latest period to 31 Jul 2024
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