GOLDMAN SACHS INTERNATIONAL BANK

PaymentCheck Score 2024
88Good
7.0vs last year
#1234 in UK
#45 in Software
#573 in London

Company Information

Company Number
01122503
Registered Address
Plumtree Court, 25 Shoe Lane, London, United Kingdom, EC4A 4AU
Status
Active
Employee Count
176
Turnover
£612,000,000
EBITDA
£512,000,000

Additional Details

Company Type
Private unlimited company
Incorporated On
12 July 1973
Nature of Business
64191 - Banks
Industries
Software
Region
London

Time to Pay

Average Time to Pay
24 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
85%
31-60 Days
8%
After 60 Days
7%
Not Paid Within Terms11%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202430 Jan 20252084%11%5%11%
01 Jan 2024 - 30 Jun 202430 Jul 20242485%8%7%11%
01 Jul 2023 - 31 Dec 202330 Jan 20242481%13%6%15%
01 Jan 2023 - 30 Jun 202326 Jul 20233269%18%13%31%
01 Jan 2022 - 30 Jun 202228 Jul 20222968%18%14%30%
01 Jul 2021 - 31 Dec 202128 Jan 20223275%15%10%23%
01 Jan 2021 - 30 Jun 202129 Jul 20212186%8%6%12%
01 Jun 2020 - 31 Dec 202030 Jan 20212182%11%7%13%
01 Dec 2018 - 31 May 201927 Jun 20192767%22%11%22%
01 Jan 2018 - 30 Jun 201827 Jul 20182674%14%12%18%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

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

Payment Terms

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 30 days from the date of receipt of a valid invoice. There are two notable exceptions to this: (i) for technology vendors, our standard payments terms are 45 days from the date of receipt of a valid invoice; and (ii) for external law firms, we do not specify a contractual payment period, but generally commit to paying law firm invoices within 60 days from the date of receipt of a valid invoice. To the extent that law firm invoices form part of the “percentage of invoices due but not paid within agreed contractual terms” statistic in this report, we have worked on this basis.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No

Maximum contractual payment period agreed

60

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?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

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.

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?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

Goldman Sachs International Bank is a multinational investment bank and financial services company headquartered in London, United Kingdom. The bank offers a wide range of services including investment banking, asset management, securities, and wealth management.

One of the key focuses of Goldman Sachs International Bank is sustainability. The bank has a dedicated sustainability program that aims to promote environmental, social, and governance practices throughout its operations. This includes reducing carbon emissions, investing in renewable energy, and promoting diversity and inclusion within the company.

In terms of products and services, Goldman Sachs International Bank offers a variety of investment opportunities for clients, including stock and bond trading, equity research, and mergers and acquisitions. The bank also offers wealth management services for high-net-worth individuals, helping them to grow and manage their wealth effectively.

Some of the key people at Goldman Sachs International Bank include CEO Richard Gnodde, who has been with the company for over 30 years, and Chairman Mark Tucker, who has extensive experience in the financial services industry. The bank also has a team of highly skilled and experienced professionals who are dedicated to providing the best possible services to their clients.

For those looking to contact Goldman Sachs International Bank, the website address is www.goldmansachs.com, where you can find more information about their services and sustainability efforts. The registered office address is Plumtree Court, 25 Shoe Lane, London EC4A 4AU, United Kingdom. Overall, Goldman Sachs International Bank is a leading financial institution that is committed to sustainability and providing top-notch financial services to its clients.

Financial Metrics

Cash
£14,823,293,172
Net Worth
£2,775,100,402
Total Current Assets
£58,402,409,638
Total Current Liabilities
£59,040,963,855

Company Location