East Midlands Payment Trends: 2020 vs 2021
East Midlands Payment Performance Shows Slight Improvement: Average Score Up 1.8 Points in 2021
The Comparison
- 2020: A sample of 307 companies in the East Midlands yielded an average payment performance score of 59.2 out of 100.
- 2021: The average score for 323 companies in the East Midlands rose to 61.0 out of 100.
What This Means
The data indicates a marginal, but positive, shift in payment practices within the East Midlands between 2020 and 2021. The 1.8-point increase suggests a slightly improved ability or willingness of companies in the region to adhere to payment terms. Businesses experiencing payment delays can use a late payment calculator to assess potential interest and compensation.
In short: Payment performance in the East Midlands saw a small uptick, moving from an average score of 59.2 in 2020 to 61.0 in 2021.
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