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Data Payment Practices Report 2021

•By PaymentCheck•Reports

UK Data Sector Shows Strong Payment Performance, but Significant Disparities Remain

The Numbers

  • Companies analysed: 61
  • Average PaymentCheck Score: 71.3/100
  • UK average (all sectors): 50.0/100
  • Outperformance vs UK average: 21.3 points
  • Top Payer: HYMANS ROBERTSON LLP - 96.7/100
  • Bottom Payer: REDCENTRIC SOLUTIONS LIMITED - 31.23/100
  • Regional average Scotland: 95.2/100 (1 company)
  • Regional average London: 74.4/100 (29 companies)

What Stands Out

The data sector significantly outperforms the UK average in payment practices, suggesting a greater focus on timely supplier payments. However, the wide range between the top and bottom payers – a difference of 65.47 points – indicates a lack of consistency across the sector.

Best Payers

  1. HYMANS ROBERTSON LLP - 96.7/100
  2. COMPARE THE MARKET LIMITED - 95.6/100
  3. PETROLEUM EXPERTS LIMITED - 95.2/100
  4. TRENCHANT LIMITED - 94.1/100
  5. ERNST & YOUNG LLP - 90.5/100

Worst Payers

  1. REDCENTRIC SOLUTIONS LIMITED - 31.23/100
  2. SALESFORCE UK LIMITED - 36.23/100
  3. ESRI (UK) LIMITED - 44.9/100
  4. ARK DATA CENTRES LIMITED - 46.2/100
  5. MACRO GROUP LIMITED - 47.87/100

Regional Patterns

Scotland appears to lead in payment performance, with an average score of 95.2, but this is based on a sample size of only one company, so it's difficult to draw definitive conclusions. London, despite having the largest sample size with 29 companies, has a lower regional average of 74.4/100, suggesting that its concentration of data businesses doesn't necessarily translate to consistently good payment practices.

If you're experiencing late payments, you can use our late payment calculator to work out interest and compensation.

One-Line Takeaway

Despite an impressive sector average of 71.3, the 65.47-point gap between top and bottom payers highlights a need for more consistent and equitable payment practices within the UK data sector.