East of England Payment Trends: 2020 vs 2021
East of England Payment Practices: Slight Improvement in 2021 with Average Score Rising to 65.2/100
The Comparison
- 2020: Data collected from 394 companies in the East of England yielded an average payment performance score of 63.9 out of 100.
- 2021: The assessment, based on 430 companies, showed a modest increase in payment performance, achieving an average score of 65.2 out of 100.
What This Means
The East of England saw a marginal uplift in payment performance between 2020 and 2021. An increase of only 1.3 points indicates a slow rate of progress. Businesses looking to understand the impact of late payments on their cash flow can use this late payment calculator.
One-line summary: In 2021, the average payment score was 65.2, up from 63.9 in 2020.
