The UK Events & Venues sector significantly outperforms the national average in payment practices, scoring 67.7 out of 100 compared to the UK average of 50. That's a hefty 35% increase, which is pretty impressive. However, the spread between the best and worst payers is massive, suggesting some serious inconsistencies within the sector.
The regional data is skewed by low sample sizes, especially in Wales where two companies average a score of 90.4. Still, it suggests a possible North-South divide with the South West (76.8) performing better than the North East (72.8) and Yorkshire and The Humber (72.4), although further analysis with larger sample groups would be needed to confirm this.
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Despite an impressive sector average of 67.7/100, the presence of companies scoring as low as 11.37/100 highlights the need for suppliers to carefully vet their clients within the Events & Venues sector.
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