Education Payment Practices Report 2023

By PaymentCheckReports

UK Education Sector Pays Suppliers Well Above Average

The Numbers

  • 226 education sector companies analysed.
  • Average PaymentCheck Score: 80.9/100.
  • UK average PaymentCheck Score: 50.0/100.
  • Highest PaymentCheck Score: 99.38/100 (LION ACADEMY TRUST).
  • Lowest PaymentCheck Score: 25.93/100 (DRUCK LIMITED).
  • Wales average PaymentCheck Score: 91.4/100 (based on one company).
  • South West average PaymentCheck Score: 84.4/100 (18 companies).

What Stands Out

The education sector's average payment score of 80.9/100 is significantly higher than the UK average of 50.0, indicating that these organisations generally pay suppliers promptly. However, the wide range between the top and bottom performers suggests a lack of consistency within the sector; there is a 73.45-point difference between the best and worst payers.

Best Payers

  1. LION ACADEMY TRUST - 99.38/100
  2. PARADIGM TRUST - 99.1/100
  3. PATHFINDER SCHOOLS - 98.7/100
  4. THE FIRST FEDERATION TRUST - 98.4/100
  5. LEVERHULME ACADEMY CHURCH OF ENGLAND AND COMMUNITY TRUST - 98.35/100

Worst Payers

  1. DRUCK LIMITED - 25.93/100
  2. RAPISCAN SYSTEMS LIMITED - 27.5/100
  3. ERIKS INDUSTRIAL SERVICES LIMITED - 29.35/100
  4. KINGSWOOD LEARNING AND LEISURE GROUP LIMITED - 36/100
  5. CHURCHES FIRE SECURITY LTD. - 37.13/100

Regional Patterns

Wales boasts the highest regional average at 91.4, but this is based on a single company, making it statistically unreliable. The South West and Yorkshire and The Humber both demonstrate solid payment performance, with averages of 84.4 and 83.0 respectively, based on a larger sample size.

Wondering about late payment interest? Use this late payment calculator.

One-line takeaway: While the education sector averages a strong 80.9/100, suppliers should be aware of the significant variation in payment practices between individual organisations, with some, like DRUCK LIMITED, scoring as low as 25.93/100.