UK Energy Sector Payments Show Stark Divide Despite Overall Strength

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 Numbers

Companies analysed: 187
Average PaymentCheck Score: 78.7/100
UK average: 50.0/100 (Energy is 28.7 points above)
Top PaymentCheck Score: 100/100 (multiple companies)
Lowest PaymentCheck Score: 21.1/100

What Stands Out

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.

Best Payers

NEO ENERGY PATHWAY LIMITED - 100/100
VITOL BROKING LIMITED - 100/100
NEO ENERGY NATURAL RESOURCES LIMITED - 100/100
WMR JV INVESTCO LIMITED - 100/100
INNER DOWSING WIND FARM LIMITED - 100/100

Worst Payers

BROOKFIELD GLOBAL RENEWABLE ENERGY ADVISOR LIMITED - 21.1/100
CLARIOS UK LIMITED - 27.68/100
ENSCO OFFSHORE U.K. LIMITED - 29.4/100
ENERSYS LTD. - 30.8/100
CRP SUBSEA LIMITED - 32.3/100

Regional Patterns

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.