The Commerce Models sector, at 62.8/100, outperforms the UK average, which is a good sign. However, the significant spread between the top and bottom payers – nearly 80 points – reveals dramatic inconsistency in payment practices, indicating that many suppliers face very different realities.
The East of England leads the way with an average PaymentCheck score of 72.4, while the South East lags behind at 61.3. London, with the largest sample size (68 companies), sits comfortably in the middle at 67.4. While there are regional differences, the dataset may be too small in Wales and the East of England to draw definitive conclusions.
Suppliers who are dealing with late payments might find a late payment calculator useful.
The takeaway: While the Commerce Models sector's average of 62.8 is above the UK average, the presence of payers as low as 20.4 shows that suppliers need to do their homework before agreeing to payment terms.
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