East of England Payment Performance: A Marginal 0.5 Point Improvement in 2023

The Comparison

Here's a direct comparison of payment practices in the East of England:

• 2022: Survey covered 410 companies with an average payment performance score of 67.2 out of 100.
• 2023: Survey covered 408 companies, showing a slight shift in the sample size, with an average payment performance score of 67.7 out of 100.

What This Means

The data reveals a very minor positive shift in payment performance in the East of England. While the region has improved, a 0.5 point increase suggests that businesses have seen limited changes in getting invoices paid on time. Businesses struggling with cash flow due to late payments may find value in a late payment calculator.

In summary: The East of England saw a negligible improvement in payment performance, rising from 67.2 (out of 100) in 2022 to 67.7 in 2023.