East Midlands Payment Performance Dips Slightly: 2024 Average Score Declines from 62.3 to 62.0

The Comparison

• 2023: A survey of 288 companies in the East Midlands yielded an average payment performance score of 62.3 out of 100.
• 2024: The average score for 307 companies in the region decreased to 62.0 out of 100.

What This Means

While the sample size of companies increased, the overall performance score saw a fractional decrease. This slight dip suggests a marginal weakening in payment practices across the East Midlands year-on-year, although the change is small, indicating broad stability. Businesses facing payment delays can use a late payment calculator to understand potential interest and compensation claims.

Summary: East Midlands payment performance showed a minor decline, from an average of 62.3 (288 companies) in 2023 to 62.0 (307 companies) in 2024.