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Commerce Models Payment Practices Report 2023

18 January 2024•By Alastair Campbell, Founder•Reports

UK Commerce Models Payment Performance Beats National Average, But Deep Divides Remain

The Numbers

  • Companies analyzed: 216
  • Average PaymentCheck Score: 62.8/100
  • UK average: 50.0/100
  • East of England average: 72.9 (12 companies)
  • Northern Ireland average: 68.5 (2 companies)
  • London average: 66.1 (65 companies)
  • Yorkshire and The Humber average: 65.1 (17 companies)
  • South West average: 64.3 (8 companies)

What Stands Out

While the UK Commerce Models sector comfortably outperforms the national average for payment performance, a yawning gap exists between the best and worst payers, suggesting inconsistent payment cultures even within the same industry. Jimmy Choo Group's rock-bottom score of 0/100 pulls down the overall average, highlighting that size and brand recognition don't guarantee prompt payment.

Best Payers

  1. SLATER MENSWEAR - 98.46/100
  2. HUGHES ELECTRICAL LIMITED - 97.9/100
  3. JO MALONE LIMITED - 97.6/100
  4. SYNETIQ LIMITED - 97.4/100
  5. CHRISTIE MANSON & WOODS LIMITED - 97.1/100

Worst Payers

  1. JIMMY CHOO GROUP LIMITED - 0/100
  2. MCCORMICK (UK) LIMITED - 25.76/100
  3. ABB LIMITED - 26.7/100
  4. GREENCORE FOOD TO GO LIMITED - 27.03/100
  5. TELEFONICA UK LIMITED - 27.3/100

Regional Patterns

The East of England leads the way with an average PaymentCheck Score of 72.9, significantly higher than London's 66.1, implying that geographic location may play a role in payment practices, although the small sample size of 12 in the East of England needs to be considered. Northern Ireland's average of 68.5 across just two companies isn't enough to draw any meaningful conclusions.

If you're dealing with late payments, use this late payment calculator to assess your options.

Despite an overall average of 62.8, Jimmy Choo Group's score of 0 and McCormick (UK) Limited's 25.76 means that suppliers dealing with the bottom payers in the Commerce Models sector are experiencing payment times twice as slow as suppliers dealing with top payers like Slater Menswear's 98.46.

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Categories

Loading categories...

Recent Posts

Loading recent posts...

Resources

  • Late Invoice Calculator
  • Company Search
  • Browse by Sector
  • Browse by Region

Share Your Story

Have you experienced late payments? Share your story to help other businesses.

Submit Your Story

PaymentCheck

Our mission is to change the culture of late payments in the UK and help save over 55,000 companies every year which close due to cashflow issues.

Services

  • Payment Check
  • Business Solutions
  • API Access
  • Invoice Calculator
  • Late Payment Help
  • Get Your Score
  • Get Certified
  • For Accountants

Company

  • About Us
  • Contact
  • Blog
  • Search Archive
  • Compare
  • EULA
  • Privacy Policy
  • Terms and Conditions

Awards

  • Methodology
  • 2025 Awards
  • 2024 Awards
  • 2023 Awards
  • 2022 Awards
  • 2021 Awards
  • 2020 Awards

Contact

  • office@paymentcheck.co.uk
  • +44 (0) 7915 608 057
  • Send Your Story

© 2026 Payment Check Ltd

Registered Address: 3rd Floor Suite 207 Regent Street London W1B 3HH

Made by Alastair Campbell