East Midlands Payment Trends: 2021 vs 2022
East Midlands Payment Performance: Slight Improvement in 2022, Up 1 Point
The Comparison
Here's a breakdown of payment performance in the East Midlands:
- 2021: Assessed from 323 companies, resulting in an average payment score of 61.0 out of 100.
- 2022: The study included 286 companies, generating an improved average payment score of 62.0 out of 100.
What This Means
While the number of companies analysed decreased by 37, the average payment performance in the East Midlands saw a marginal increase of one point. This suggests a very slight improvement in payment behaviour, though the small change may not be statistically significant. Businesses can use this data, along with tools like this late payment calculator, to assess potential impacts to their operations.
Overall, the East Midlands saw a minor improvement in payment scores, rising from 61.0 in 2021 to 62.0 in 2022.
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