The data suggests that businesses in the East of England, on average, exhibit considerably better payment behaviour than the rest of the UK, according to this specific dataset, potentially giving SMEs in the region a cashflow advantage. However, there's a wide range of performance, with some companies scoring exceptionally well and others lagging far behind.
The top payers in the East of England demonstrate exemplary payment practices:
These companies represent diverse sectors, from oil and gas to hospitality and recruitment, indicating that strong payment performance isn't confined to a single industry.
The bottom payers in the region reveal significant room for improvement:
The low scores highlight potential cash flow problems for suppliers dealing with these companies, and could indicate operational inefficiencies affecting invoice processing. If you are experiencing late payments, you may find this late payment calculator useful.
While the overall average is positive, sector performance varies:
Digital Entertainment leads with an average of 85.8, based on a small sample size of only five companies, while Transportation Infrastructure lags, with a 78.5 average based on a single company's data. This could suggest some industry-specific best practices in the entertainment and technology sectors.
East of England businesses, as a whole, score 65.2/100, exceeding the UK average by 15.2 points, but individual companies such as TUI UK TRANSPORT LIMITED demonstrate that late payments are still an issue for some suppliers.
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