The Events & Venues sector significantly outperforms the UK average for payment practices, with an average score of 71.4, a notable 21.4 points higher than the national benchmark. While the best payers achieved perfect scores, the disparity highlights potential issues for smaller suppliers dealing with the bottom-ranked companies; you can use this late payment calculator to estimate the cost of those delays.
There's a considerable spread in regional performance, with Welsh companies leading the way at 92.5, while the East of England lags at 77.5; note that this data may not be fully representative due to the low sample size in regions like Wales and the North East (two companies apiece), meaning that the averages are more strongly influenced by individual extreme high or low scores.
The Events & Venues sector’s payment practices are demonstrably better than the UK average, but the near 60-point difference between the highest and lowest performers suggests some suppliers still face considerable payment risk.
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