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Events And Venues Payment Practices Report 2020

•By PaymentCheck•Reports

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

  1. REED & MACKAY TRAVEL LIMITED - 99/100
  2. MCDONALD'S RESTAURANTS LIMITED - 98.9/100
  3. LONETREE LIMITED - 97.5/100
  4. AG RESTAURANTS LTD - 96.9/100
  5. PREMIUM RESTAURANTS LIMITED - 96.3/100

Worst Payers

  1. CREATIVEVENTS LIMITED - 2.5/100
  2. CH & CO CATERING LIMITED - 3.5/100
  3. DOBBIES GARDEN CENTRES LIMITED - 7.52/100
  4. JUICE FOR LIFE LTD - 8/100
  5. 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.