Events And Venues Payment Practices Report 2023
UK Events & Venues Sector Pays Suppliers 35% Faster Than Average
The Numbers
- Companies analysed: 135
- Average PaymentCheck Score: 67.7/100
- UK average: 50.0/100 (across all sectors)
What Stands Out
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.
Best Payers
- KL VENTURES LIMITED - 100/100
- D.P.K. FOODS LTD. - 100/100
- I & A RESTAURANTS LTD - 100/100
- REED & MACKAY TRAVEL LIMITED - 99.68/100
- HERTFORD HEATH LIMITED - 99.4/100
Worst Payers
- DOBBIES GARDEN CENTRES LIMITED - 11.37/100
- CMBC SUPPLY LIMITED - 11.47/100
- DNATA CATERING UK LIMITED - 20.07/100
- CH & CO CATERING LIMITED - 21.6/100
- JACOBS DOUWE EGBERTS GB LTD - 23.9/100
Regional Patterns
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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One-Line Takeaway
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.
