While the increase of 3.6 points indicates a positive shift in payment practices within the Events & Venues sector, the modest improvement suggests that significant challenges related to timely payments persist. The sample size being slightly smaller in 2022 might influence the magnitude of the observed improvement, yet the overall trend points towards a marginal, but measurable, advancement. Companies struggling with late payments in this sector can use a late payment calculator to understand the potential impact on their business.
One-line summary: Average payment practice scores increased from 62.8 (139 companies) in 2021 to 66.4 (128 companies) in 2022.