GOLDMAN SACHS PROPERTY MANAGEMENT
Company number: 02432555
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
Vikram Chima
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 26 days
Total value paid:
- within 30 days: £20,179,308 (64%)
- in 31 to 60 days: £11,124,131 (35%)
- in 61 days or more: £186,240 (< 1%)
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 13%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £186,240
- 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: 0%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payment terms vary according to the nature of the goods/services that we require but, in general, our standard payment terms for vendors are 60 days from the date of receipt of a valid invoice
Were there any changes to the standard payment terms in the reporting period?
the payments were revised due to changes in Goldman Sachs payment-term compliance from 30 days to 60 days
Were suppliers notified or consulted about these changes before they were made?
suppliers are notified about payment terms at the time of contract renewal or when we enter into new engagements
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If at any time any question, dispute or difference arises between Goldman Sachs and a vendor, such question, dispute or difference should be raised by the vendor to its Goldman Sachs’ contact managing their relationship, who may escalate if necessary. Formal dispute processes are detailed in contracts with vendors
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