The East Midlands witnessed a barely perceptible uptick in payment performance from 2022 to 2023, demonstrating little material change. While more companies were included in the 2023 analysis, the overall average suggests businesses in the region are maintaining a similar, relatively modest, standard of promptness. Businesses struggling with late payments can use this late payment calculator to estimate potential interest and compensation.
One-line summary: The East Midlands payment performance saw a minimal increase from 62.0 (286 companies) in 2022 to 62.3 (288 companies) in 2023.