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Commerce Models Payment Practices Report 2024

•By PaymentCheck•Reports

UK Commerce Models Sector Shows Decent, But Uneven, Payment Performance in 2024

The Numbers

  • Companies Analysed: 211
  • Average PaymentCheck Score: 64.0/100
  • UK Average: 50.0/100 (Commerce Models is 14.0 points above the national average)
  • Top PaymentCheck Score: 98.8/100 (EXPERIENCE MORE LIMITED)
  • Bottom PaymentCheck Score: 19.67/100 (BOOHOO.COM UK LIMITED)

What Stands Out

While the average PaymentCheck score for the Commerce Models sector is significantly better than the UK average, the wide disparity between the best and worst payers underscores the uneven nature of payment practices. The fact that some prominent retail names are among the worst offenders certainly raises eyebrows.

Best Payers

  1. EXPERIENCE MORE LIMITED - 98.8/100
  2. THE SWATCH GROUP (UK) LIMITED - 98.4/100
  3. SLATER MENSWEAR - 98.18/100
  4. JO MALONE LIMITED - 98.13/100
  5. CINCH CARS LIMITED - 97.4/100

Worst Payers

  1. BOOHOO.COM UK LIMITED - 19.67/100
  2. PRADA RETAIL UK LIMITED - 21.3/100
  3. PZ CUSSONS BEAUTY LLP - 25.21/100
  4. VISION EXPRESS (UK) LIMITED - 26.5/100
  5. MCCORMICK (UK) LIMITED - 27.03/100

Regional Patterns

Northern Ireland is leading the charge regionally with a very respectable 76.2 average, but you've got to remember it's only based on three companies, so its significance is limited. London, with the largest sample size (67 companies), scores a decent 68.0, showing the heart of UK commerce models isn't a problem area on the whole, but nor is it pushing for payment excellence.

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One-Line Takeaway

Despite an average PaymentCheck score of 64.0/100, 44.63 points higher than Boohoo's abysmal 19.67/100, the Commerce Models sector payment practices are far from uniform, indicating a need for greater consistency and fairness across the board.