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Education Payment Practices Report 2022

•By PaymentCheck•Reports

UK Education Sector Blows Away National Average on Payment Practices

The Numbers

  • Companies analysed: 230
  • Average PaymentCheck Score: 78.9/100
  • UK average: 50.0/100 (Education is 28.9 points above)
  • Top payer: THE GORSE ACADEMIES TRUST - 99.6/100
  • Bottom payer: ERIKS INDUSTRIAL SERVICES LIMITED - 24.6/100
  • Wales average: 88.8 (1 company)
  • South West average: 83.7 (19 companies)

What Stands Out

The UK education sector, according to this data, demonstrates significantly better payment practices than the national average. While it's encouraging to see such strong performance, the huge difference between the top and bottom payers highlights a significant inconsistency within the sector. It's also important to note that Wales is represented by only one company, making it hard to draw any conclusions.

Best Payers

  1. THE GORSE ACADEMIES TRUST - 99.6/100
  2. PARADIGM TRUST - 99.4/100
  3. LION ACADEMY TRUST - 99.31/100
  4. TRANSFORM TRUST - 98.97/100
  5. PATHFINDER SCHOOLS - 98.8/100

Worst Payers

  1. ERIKS INDUSTRIAL SERVICES LIMITED - 24.6/100
  2. HABERDASHERS' ASKE'S FEDERATION TRUST - 29/100
  3. CATERPILLAR (U.K.) LIMITED - 31.4/100
  4. CHURCHES FIRE SECURITY LTD. - 32.7/100
  5. ARCO LIMITED - 33.27/100

Regional Patterns

The South West scores pretty well with an average of 83.7 across 19 companies, which suggests consistent performance in that region. The North West and Yorkshire and The Humber share an average of 82.4. It's tough to analyse if Wales (88.8) would be better than the South West as it's only a single company.

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One-line takeaway: With an average PaymentCheck Score of 78.9/100, the education sector outperforms the UK average by 28.9 points, yet bottom payers like ERIKS Industrial Services Limited lag far behind at 24.6/100.