The UK education sector is, on average, paying its suppliers significantly faster than the rest of the UK economy. While this sector clearly leads the way, the significant gulf between the best and worst payers shows that not all suppliers benefit from these improved payment practices.
The data reveals striking regional disparities, but the limited number of companies analysed per region means we should take them with a pinch of salt. Wales, with only one company assessed, leads the way at 94.9, while the South East, with the largest sample size of 37 companies, scores a respectable but lower 81.1. The East of England, with 13 companies, scored 87.3. Yorkshire and The Humber (17 companies) landed at 83.8, and the South West (12 companies) averaged 84.1. This could indicate regional differences in payment culture, but more data is needed to draw definitive conclusions.
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While the sector's average PaymentCheck score of 80.3 is encouraging, suppliers dealing with companies like Druck Limited (18.7) are experiencing vastly different realities compared to those working with Oakham School (99.6).
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