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East Midlands Payment Practices Report 2020

•By PaymentCheck•Reports

East Midlands Companies Pay Suppliers Better Than Average, But Some Laggards Drag Region Down

The Numbers

  • Total Companies Analysed: 307
  • East Midlands Average PaymentCheck Score: 59.2/100
  • UK Average PaymentCheck Score: 50.0/100
  • East Midlands Advantage Over UK Average: 9.2 points
  • Top PaymentCheck Score: 100/100 (shared by two companies)
  • Lowest PaymentCheck Score: 12.8/100

What Stands Out

East Midlands businesses, on average, demonstrate stronger payment practices compared to the UK as a whole, but the wide range of scores, from 12.8 to 100, indicates significant inconsistency in how suppliers are treated. The high scores among the top payers contrast starkly with the very low scores of the worst, suggesting these bottom-ranked firms should be subject to increased scrutiny and possibly utilize a late payment calculator to minimise the damages.

Best Payers

The top five companies demonstrate a clear commitment to prompt payment, reflected in their scores:

  1. PROMENS PACKAGING LIMITED - 100/100
  2. EXPERIAN TECHNOLOGY LIMITED - 100/100
  3. TRANSFORM TRUST - 99.33/100
  4. INTERFLORA BRITISH UNIT - 99.2/100
  5. CAPITAL ONE (EUROPE) PLC - 99.2/100

These firms, operating in sectors like packaging, technology, education, retail and finance, set a positive example within the region.

Worst Payers

The bottom five companies in the East Midlands have considerable room for improvement, evidenced by their low PaymentCheck scores:

  1. ALSTOM ENGINEERING AND SERVICES LIMITED - 12.8/100
  2. CEVA LOGISTICS LIMITED - 15.1/100
  3. FINE TUBES LIMITED - 15.9/100
  4. AMETEK AIRTECHNOLOGY GROUP LIMITED - 16.3/100
  5. EUROCELL PROFILES LIMITED - 16.7/100

With PaymentCheck scores clustered around 15/100, these companies, operating in sectors like engineering, logistics and manufacturing, potentially strain their relationships with suppliers and may incur late payment fees.

Sector Breakdown

Some sectors perform significantly better than others:

  • Software: 100.0 avg (1 companies)
  • Air Travel: 92.6 avg (1 companies)
  • Sports: 88.9 avg (1 companies)
  • Financial Services: 85.0 avg (11 companies)
  • Travel And Transportation: 78.4 avg (6 companies)

Financial Services in the East Midlands perform relatively well, with an average score of 85.0/100 based on 11 companies; however, these figures are based on a very low number of companies in Software, Air Travel and Sports.

East Midlands companies outperform the UK average by 9.2 points, but the significant disparity between top and bottom payers suggests that regional averages can mask substantial variation in payment practices.