The Events & Venues sector in the UK, at least based on this sample of 128 companies, is performing significantly better than the UK average when it comes to paying suppliers on time. However, the wide disparity between the best and worst performers – a yawning 94.33 point gap – suggests substantial inconsistencies in payment practices across the industry. With challenges from supply chains it's even more important to know if you are being paid on time, you can work out the costs of late payments using this late payment calculator.
Wales leads the pack with an average PaymentCheck score of 84.7, but it's based on a single company, so it is hard to draw strong conclusions. London, with the largest sample size (38 companies), has an average of 68.9, lagging behind the East of England's 71.8 (16 companies) and Yorkshire and The Humber's 71.7 (5 companies), suggesting payment performance isn't directly correlated to concentration in a major economic hub.
Despite a sector average nearly 17 points above the UK norm, Dobbie's abysmal 5.27 score means that some suppliers are feeling the pinch, even if Reed & Mackay are exemplary.
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The year-on-year decline of 0.1 points, while statistically insignificant, suggests a stagnation in payment performance
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