Fashion Payment Practices Report 2022
UK Fashion Sector's Payment Performance: Above Average, but Wide Disparities Persist
The Numbers
- Companies analysed: 36
- Average PaymentCheck Score: 60.7/100
- UK average (all sectors): 50.0/100
- Fashion sector's lead over UK average: 10.7 points
What Stands Out
The UK fashion sector shows a slightly better payment performance than the UK average, with a score of 60.7 compared to 50.0. However, the range between the best and worst payers is concerning, highlighting a significant disparity in how fashion businesses manage their supplier payments.
Best Payers
- GAP EUROPE LIMITED - 92.62/100
- NEXT RETAIL LIMITED - 89.2/100
- HARVEY & THOMPSON LIMITED - 85.5/100
- TIMPSON LIMITED - 82.73/100
- HUNTER BOOT LIMITED - 81.6/100
Worst Payers
- C-RETAIL LIMITED - 18.86/100
- DKH RETAIL LIMITED - 24.9/100
- ACCESSORIZE BRANDS LTD - 26.4/100
- THE HUT.COM LIMITED - 38/100
- JOULES LIMITED - 40/100
Regional Patterns
Regional data's limited, with most regions represented by a handful of companies, making broad generalizations risky. That said, East of England's one company achieved a notably high average of 78.6, whereas East Midlands had an average of 63.0 based on five companies. "Unknown" region had a high score, but with only one company there is no real insight to be found.
Consider using this late payment calculator if you're experiencing late payments.
Despite an overall average score of 60.7/100, C-Retail's score of 18.86 drags down the fashion sector's payment profile.