Events And Venues Payment Practices Report 2020
UK Events and Venues Sector Pays Better Than Average, But Wide Disparities Exist
The Numbers
- Companies analysed: 127
- Average PaymentCheck Score: 58.2/100
- UK average: 50.0/100 (Events And Venues is 8.2 points above)
- Top PaymentCheck Score: 99/100 (REED & MACKAY TRAVEL LIMITED)
- Bottom PaymentCheck Score: 2.5/100 (CREATIVEVENTS LIMITED)
- Highest Regional Average: 86.4/100 (Wales, 2 companies)
- Lowest Regional Average (with a significant sample size): 59.1/100 (London, 34 companies)
What Stands Out
The UK's Events and Venues sector demonstrates slightly better payment performance than the national average, with an 8.2 point advantage, however, there's a massive chasm between the best and worst payers, evidenced by Reed & Mackay's 99/100 compared to Creativevents' dismal 2.5/100. This suggests that while the sector has the potential for good payment practice, it's far from consistent across all businesses.
Best Payers
- REED & MACKAY TRAVEL LIMITED - 99/100
- MCDONALD'S RESTAURANTS LIMITED - 98.9/100
- LONETREE LIMITED - 97.5/100
- AG RESTAURANTS LTD - 96.9/100
- PREMIUM RESTAURANTS LIMITED - 96.3/100
Worst Payers
- CREATIVEVENTS LIMITED - 2.5/100
- CH & CO CATERING LIMITED - 3.5/100
- DOBBIES GARDEN CENTRES LIMITED - 7.52/100
- JUICE FOR LIFE LTD - 8/100
- DNATA CATERING UK LIMITED - 9/100
Regional Patterns
Wales shows a substantially higher average PaymentCheck Score (86.4/100), but it's based on a very small sample of just two companies, making its statistical significance questionable. Conversely, London, with a much larger sample size of 34 companies, lags behind with an average of only 59.1/100, indicating potentially more payment struggles in the capital's events and venues businesses.
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While the Events and Venues sector surpasses the UK average, the range from Wales' outlier score of 86.4 down to Creativevents' rock-bottom 2.5 highlights that not all businesses are equal when it comes to timely payments.
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