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Data Payment Practices Report 2024

•By PaymentCheck•Reports

UK Data Sector Leads the Way in Payment Practices, But Cracks Remain

The Numbers

  • Companies analysed: 66
  • Average PaymentCheck Score: 75.3/100
  • UK average: 50.0/100
  • Difference between Data Sector and UK Average: 25.3 points

What Stands Out

The UK data sector significantly outpaces the national average in payment performance. While it's a good sign, the range of scores - from nearly perfect to well below average - demonstrates inconsistency within the sector. It also shows how important it is to use a late payment calculator to work out what you are owed.

Best Payers

  1. SWIFT STRATEGIES LIMITED - 99.5/100
  2. DECISION TECHNOLOGIES LIMITED - 97.6/100
  3. HYMANS ROBERTSON LLP - 97/100
  4. GB GROUP PLC - 96.8/100
  5. PETROLEUM EXPERTS LIMITED - 94.4/100

Worst Payers

  1. TAYLOR HOBSON LIMITED - 29.33/100
  2. PARK PLACE TECHNOLOGIES LIMITED - 29.95/100
  3. TRL LIMITED - 43.7/100
  4. ESRI (UK) LIMITED - 46.1/100
  5. THE BABRAHAM INSTITUTE - 49.5/100

Regional Patterns

While limited data exists for regions outside of London and the East of England, we can say that the North West leads the way, with an average payment score of 96.8, thanks to a single high-performing company. London, with the largest sample size (31 companies), sits at a respectable 78.6, though it lags behind some regions with fewer data points.

The data sector may excel in comparison to the broader UK average of 50.0, but the wide spread of scores across the 66 companies highlights how some firms, such as Taylor Hobson Limited with a score of 29.33, are contributing to the problem of late payments.