← Back to Reports

East Midlands Payment Practices Report 2022

•By PaymentCheck•Reports

East Midlands Firms Paying Suppliers Significantly Faster Than UK Average

The Numbers

  • Companies analysed: 286
  • Average PaymentCheck Score (East Midlands): 62.0/100
  • Average PaymentCheck Score (UK): 50.0/100
  • East Midlands is 12 points above the UK average.
  • Top score: 100/100 (EXPERIAN TECHNOLOGY LIMITED)
  • Lowest score: 2.4/100 (PTS GROUP LIMITED)

What Stands Out

The East Midlands boasts a noticeably better payment culture than the UK overall, with an average score considerably above the national benchmark. However, the disparity between the best and worst payers highlights significant inconsistencies in payment practices within the region.

Best Payers

These companies are setting a high bar for supplier payment, demonstrating a commitment to promptness:

  1. EXPERIAN TECHNOLOGY LIMITED - 100/100
  2. TRAVIS PERKINS (PROPERTIES) LIMITED - 99.6/100
  3. TRANSFORM TRUST - 98.97/100
  4. PATHFINDER SCHOOLS - 98.8/100
  5. CAMBRIDGE & COUNTIES BANK LIMITED - 98.7/100

The high scores of these five firms, spanning technology, property, education, and finance, suggest that responsible payment is possible across diverse sectors.

Worst Payers

These firms need to seriously re-evaluate their payment practices, as these scores indicate a potential risk for their suppliers' cash flow:

  1. PTS GROUP LIMITED - 2.4/100
  2. CEVA LOGISTICS LIMITED - 13.1/100
  3. AMETEK AIRTECHNOLOGY GROUP LIMITED - 16.9/100
  4. FORGED SOLUTIONS GROUP LIMITED - 19.3/100
  5. GREENCORE GROCERY LIMITED - 20.5/100

The consistent failure to pay promptly, indicated by scores below 21/100, puts significant strain on suppliers and damages business relationships. If you're experiencing late payments, use this late payment calculator to determine next steps.

Sector Breakdown

Sector averages are available, but the sample sizes of the 'Software' (2 companies) and 'Hardware' (1 company) sectors are too small to derive meaningful insights. The Financial Services sector, with 14 companies and an average score of 83.4/100, demonstrates the highest average score based on a significant number of companies.

  • Software: 91.0 avg (2 companies)
  • Hardware: 86.0 avg (1 companies)
  • Travel And Transportation: 83.6 avg (3 companies)
  • Financial Services: 83.4 avg (14 companies)
  • Care Services: 79.6 avg (13 companies)

Takeaway: Despite a strong regional average, the East Midlands displays stark contrasts, with one company scoring 97.6 points better than the regional average, while another scores 59.6 points below it, exposing a wide gap in payment ethics.