While the agricultural sector's average PaymentCheck score of 62.3 outpaces the UK average by a significant 12.3 points, the range of scores indicates substantial inconsistency. The gap between the top payer, AGCO LIMITED at 99, and the bottom, BALTON CP LIMITED at a dismal 21.1, highlights the uneven playing field for suppliers in the agricultural supply chain.
London-based agricultural businesses lead the way in payment performance, with an average score of 78.8 across 10 companies, significantly outperforming all other regions. The South East follows at 71.6, demonstrating a positive trend in the Southern regions, while Yorkshire and The Humber lags with an average of 63.2, suggesting potential issues for suppliers in that area.
Suppliers can use a late payment calculator to work out how much interest they could charge on a late invoice.
Although the agricultural sector exceeds the UK average in payment performance, the discrepancy between the best and worst payers—a nearly 78-point spread—suggests suppliers need to carefully vet potential clients.
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