While the UK energy sector demonstrates significantly better payment performance than the national average, a wide disparity exists between the best and worst payers.
The energy sector's average PaymentCheck score of 78.7 is a considerable 28.7 points higher than the UK average of 50, suggesting a stronger commitment to timely payments compared to other sectors. However, the presence of companies scoring as low as 21.1 reveals a significant performance gap within the industry. It's safe to say that some companies within the energy sector are performing exceptionally well and prioritising paying their suppliers on time, whilst others are falling far short.
Regional averages don't offer much insight. While "Unknown" leads the way at 85.5, that's only based on two companies, so isn't really representative. London, with its larger sample size of 66 companies, achieved a solid 81.7, but there aren't massive deviations across the regions to write home about.
You can calculate any potential late payment fees using a late payment calculator.
The UK energy sector presents a picture of overall payment health, but with a sizeable minority of companies potentially causing cash-flow issues for their suppliers, indicated by the lowest score of 21.1 compared to the average of 78.7.
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