East Midlands Payment Trends: 2022 vs 2023
East Midlands Payment Performance: Marginal Improvement of 0.3 Points Seen in 2023
The Comparison
- 2022: Analyzed data from 286 companies, yielding an average payment performance score of 62.0 out of 100.
- 2023: The survey encompassed 288 companies, showing a slight rise to an average payment performance score of 62.3 out of 100.
What This Means
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.
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