While the East of England outperforms the rest of the UK, a significant gap exists between the top and bottom performers, indicating inconsistency in payment practices. The concentration of top scores in the Information Technology sector suggests industry-specific factors influence payment efficiency.
These companies demonstrate exceptional payment performance, consistently paying on time and maintaining strong supplier relationships:
These companies exhibit concerning payment behaviours, potentially impacting their suppliers' cash flow and financial stability:
The Information Technology sector leads with an average PaymentCheck Score of 85.3 (8 companies), closely followed by Digital Entertainment at 83.9 (5 companies). Education also performed well at 82.6 (19 companies). Fashion and Transportation Infrastructure have only one company each so are not especially representative.
While the East of England shows an encouraging average payment score, businesses struggling with late payments should use this late payment calculator to understand the potential financial implications.
Takeaway: While the East of England beats the UK average by 17.7 points, the lowest score of 14.8 highlights a need for payment practice improvements among certain companies.
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