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Energy Payment Practices Report 2020

•By PaymentCheck•Reports

UK Energy Sector Blows Away National Average on Payment Practices

The Numbers

  • Companies Analysed: 183
  • Average PaymentCheck Score (Energy): 76.2/100
  • UK Average PaymentCheck Score: 50.0/100
  • Energy Sector Above UK Average: 26.2 points
  • Number of Companies Scoring 100/100: 5
  • Lowest Score: 20.08/100

What Stands Out

The energy sector's average PaymentCheck score of 76.2 absolutely trounces the UK average of 50, suggesting a far healthier payment culture than many other industries. However, the substantial difference between the best and worst payers indicates considerable disparity within the sector itself. Use this late payment calculator to understand how late payments could affect your cash flow.

Best Payers

  1. LYNN WIND FARM LIMITED - 100/100
  2. CASTROL LIMITED - 100/100
  3. FLEETCOR EUROPE LIMITED - 100/100
  4. INNER DOWSING WIND FARM LIMITED - 100/100
  5. CNR INTERNATIONAL (U.K.) DEVELOPMENTS LIMITED - 100/100

Worst Payers

  1. BEL VALVES LIMITED - 20.08/100
  2. CLARIOS UK LIMITED - 21.6/100
  3. DOVER FUELING SOLUTIONS UK LIMITED - 24.15/100
  4. COSTAIN OIL, GAS & PROCESS LIMITED - 25/100
  5. ENSCO OFFSHORE U.K. LIMITED - 26.4/100

Regional Patterns

The data reveals some regional discrepancies, with Northern Ireland leading the way at an impressive average of 86.3, albeit based on a small sample size of only four companies. London and the South East also perform strongly, with averages of 80.8 and 80.0 respectively, suggesting a possible correlation between location and payment practices within the energy sector; Yorkshire and The Humber have the lowest Regional PaymentCheck average at 76.9/100, but are only just below the sector average.

While the energy sector boasts an average PaymentCheck score 26.2 points higher than the national average, the bottom five payers pull the sector down and hint at inconsistencies in payment ethos.