Education Sector Payment Practices: Barely Budging with a 0.3 Point Increase in 2024

The Comparison

• 2023: A survey of 226 companies within the education sector revealed an average payment practices score of 80.9 out of 100.
• 2024: A similar survey, encompassing 227 education companies, showed a slight increase in the average score, reaching 81.2 out of 100.

What This Means

The marginal 0.3-point improvement suggests that payment practices in the education sector remain largely consistent year-on-year. While there may be localized improvements among some companies, the overall data indicates no significant shift in payment efficiency or supplier relationships across the sector as a whole. If you are experiencing payment issues, you may find this late payment calculator useful to determine potential penalties.

One-line summary: In 2024, payment practices within the education sector averaged 81.2/100 across 227 companies, a minimal increase from 80.9/100 across 226 companies in 2023.