The UK air travel sector is, on average, paying its suppliers considerably faster than the national average. However, a stark contrast exists between the best and worst payers, indicating a significant inconsistency in payment practices across the industry. This inconsistency suggests that while some companies prioritize prompt payments, others struggle or choose not to.
Regional data reveals a noticeable advantage for companies based in Yorkshire and The Humber, with an average PaymentCheck score of 78.2, substantially outperforming the national average and even the air travel sector's average. With only two companies factored into this score, it's an incomplete picture, but the South East and London regions, with significantly more companies (15 and 14 respectively), also perform strongly, suggesting a possible geographic influence on payment practices. The East Midlands, represented by only one company, has a PaymentCheck Score of 65.8, which sits close to the average.
Suppliers struggling with late payments can use a late payment calculator to work out interest and compensation.
One-liner: Despite an impressive sector average of 63.0, GKN AEROSPACE SERVICES LIMITED's dismal score of 21.3 highlights that not all companies within UK Air Travel prioritize fair payment practices.
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