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Data Payment Practices Report 2023

•By PaymentCheck•Reports

UK Data Sector Payments Significantly Outpace National Average, But Wide Disparities Remain

The Numbers

  • Companies Analysed: 64
  • Average PaymentCheck Score: 73.1/100
  • UK Average PaymentCheck Score: 50.0/100
  • Data Sector Outperformance: 23.1 points above the UK average

What Stands Out

The UK data sector significantly outperforms the national average for payment practices, suggesting a greater emphasis on timely payments, though some firms are lagging. A vast spread in payment performance exists between the best and worst payers, indicating a need for greater consistency across the sector.

Best Payers

  • LNRS DATA SERVICES LIMITED - 97.5/100
  • HYMANS ROBERTSON LLP - 97.5/100
  • PETROLEUM EXPERTS LIMITED - 96.6/100
  • DECISION TECHNOLOGIES LIMITED - 95.6/100
  • GB GROUP PLC - 94.2/100

Worst Payers

  • TAYLOR HOBSON LIMITED - 32.1/100
  • MACRO GROUP LIMITED - 44.3/100
  • REDCENTRIC SOLUTIONS LIMITED - 44.32/100
  • TRL LIMITED - 45.6/100
  • THE BABRAHAM INSTITUTE - 47.57/100

Regional Patterns

Scotland, represented by a single company scoring 96.6, demonstrates the highest regional average, but it's difficult to draw substantial conclusions from just one data point. The North West and Wales, also with one company each, scored respectably at 94.2 and 91.1 respectively, while London, with the most companies surveyed (30), has an average of 76.1.

While the sector as a whole shows better performance, if you're dealing with late payments, a late payment calculator can help you understand your rights.

One-Line Takeaway

Despite an impressive average PaymentCheck Score of 73.1, the 65.4-point difference between LNRS DATA SERVICES LIMITED (97.5) and TAYLOR HOBSON LIMITED (32.1) reveals significant inconsistencies in payment practices within the UK data sector.