East Midlands Leads UK in Payment Performance, But Laggards Drag Down Reputation

The Numbers

Companies analysed: 307
Average PaymentCheck Score: 62.0/100
UK average: 50.0/100
East Midlands average above UK average: 12.0 points
Top score: 100/100 (INTERFLORA BRITISH UNIT & EXPERIAN TECHNOLOGY LIMITED)
Bottom score: 12.1/100 (PTS GROUP LIMITED)

What Stands Out

The East Midlands outshines the national average in payment practices, suggesting a stronger financial health or a greater focus on supplier relationships within the region. However, the disparity between top and bottom performers is stark, indicating significant inconsistency in payment cultures across companies.

Best Payers

The top payers demonstrate exemplary performance, achieving near-perfect scores. These companies are setting a high standard for payment ethics in the region:

INTERFLORA BRITISH UNIT - 100/100
EXPERIAN TECHNOLOGY LIMITED - 100/100
CRONER GROUP LIMITED - 99.6/100
TRANSFORM TRUST - 99.4/100
NORTHAMPTONSHIRE PARTNERSHIP HOMES LIMITED - 98.7/100

Worst Payers

The bottom five companies reveal significant issues with payment practices, with scores far below the regional and national average. It is important to note that late payment calculator exists to help businesses manage these issues.

PTS GROUP LIMITED - 12.1/100
BELFIELD FURNISHINGS LIMITED - 15.85/100
SOCOTEC UK LIMITED - 20.9/100
THE BOOTS COMPANY PLC - 21.62/100
BOOTS MANAGEMENT SERVICES LIMITED - 21.82/100

Sector Breakdown

Payment performance varies considerably across sectors. The Software sector, admittedly based on a single company's perfect score, leads, while Financial Services (88.3 avg across 13 companies) and Professional Services (84.4 avg across 6 companies) also show strong payment performance. Education, with a larger sample size of 31 companies, sits at a still respectable 78.6.

The East Midlands' average PaymentCheck Score is 24.2 points higher than the lowest individual score, highlighting a substantial gap between the best and worst companies.