Creative Sector Payment Practices: A Modest Improvement from 2021 to 2022 (65.0 to 67.3)

The Comparison

• 2021: Our analysis encompassed 45 creative companies, revealing an average payment practices score of 65.0 out of 100.
• 2022: The study included 39 creative companies, demonstrating an average score of 67.3 out of 100.

What This Means

The creative sector experienced a slight uptick in payment performance, as measured by our scoring system, between 2021 and 2022. With an increase of just 2.3 points on a 100-point scale, this improvement is relatively small, suggesting that fundamental challenges in payment terms and compliance persist. Companies struggling with prompt payment can use a late payment calculator to understand the potential impact of delays on their cash flow.

The sector saw a marginal increase in score, 65.0 to 67.3, but decreased in number of companies, 45 to 39.