Events And Venues Payment Practices Report 2024
UK Events & Venues Sector Shows Strong Payment Performance, But Wide Disparities Persist
The Numbers
- Companies analysed: 136
- Average PaymentCheck Score: 69.7/100
- UK average: 50.0/100
- Events And Venues sector is 19.7 points above the UK average
- Wales leads regionally with a 90.5 average (based on 2 companies)
- Yorkshire and The Humber follows with an 85.2 average (3 companies)
What Stands Out
The UK Events and Venues sector is performing significantly better than the national average when it comes to payment practices, but the range of scores indicates considerable inconsistency across the sector. While some companies achieve perfect scores, a worrying number fall significantly below the average, potentially squeezing their suppliers.
Best Payers
- I & A RESTAURANTS LTD - 100/100
- BANBURY HEATH LIMITED - 100/100
- KL VENTURES LIMITED - 100/100
- D.P.K. FOODS LTD. - 100/100
- HERTFORD HEATH LIMITED - 100/100
Worst Payers
- CMBC SUPPLY LIMITED - 18.93/100
- DOBBIES GARDEN CENTRES LIMITED - 19.7/100
- DNATA CATERING UK LIMITED - 21.8/100
- MAX MARA LIMITED - 23.1/100
- JACOBS DOUWE EGBERTS GB LTD - 28.6/100
Regional Patterns
The regional data is interesting but somewhat limited by sample size. Wales tops the chart with a 90.5 average, but this figure is based on only two companies, meaning any further sector analysis by region should be taken with a grain of salt. Areas with low data can't be considered statistically relevant for the whole Events and Venues sector.
If you have invoices that are late, remember to use this late payment calculator.
Despite the sector's high average, suppliers should be wary; the spread of PaymentCheck scores, with some companies scoring as low as 18.93 out of 100, highlights the need for due diligence.
