GOOGLE UK LIMITED
Company number: 03977902
Reporting period:
1 January 2024 to
30 June 2024
This report was filed on 26 July 2024
and approved by Val Bohan
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 77%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 8%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
60 days
Standard payment terms
The company enters into a range of agreements for the activities it undertakes, typically relying on the standard terms of the Google group. Standard terms include the Google Supplier Purchase Order Terms and Conditions and the Google Inbound Services Agreement. The terms state that the company will pay undisputed invoices within 60 days of receipt. For more information, and to view the Google Supplier Purchase Order Terms and Conditions in full, please visit https://www.google.com/corporate/suppliers. The company’s billing systems, which record and administer invoices, do not contain information about contract type. As such, while the majority of invoices in the system are expected to relate to qualifying contracts, the system is unable to distinguish qualifying contracts from non-qualifying contracts and some such data may be included in the reported statistics.
Were there any changes to the standard payment terms in the reporting period?
Update to payment terms made in January 2024 to 45 or 60 days.
Were suppliers notified or consulted about these changes before they were made?
Existing suppliers were notified of impending change via email and were given 30 days to reach out with any issues.
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Google will only initiate invoice disputes in good faith, and will provide a written description of the disputed amount. Upon Google’s request, Contractor will issue separate invoices for undisputed and disputed amounts. Payment of undisputed amounts will not compromise Google’s right to object to the disputed amounts. Disputed amounts will not be due until the dispute is finally resolved.
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.
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