UK Fashion Sector Payments: Gap Tops the Charts, Boots Lags Behind

The UK fashion sector shows a mixed bag when it comes to payment practices in 2024. While the average PaymentCheck score for the analysed companies exceeds the UK average, a significant disparity exists between the best and worst payers.

The Numbers

• Companies analysed: 29
• Average PaymentCheck Score: 66.3/100
• UK average: 50.0/100 (Fashion is 16.3 points above)
• Highest Score: 99.87/100
• Lowest Score: 21.62/100

What Stands Out

The spread between the top and bottom payers is quite wide – Gap Europe Limited scores almost five times higher than The Boots Company PLC. Also, the relatively small sample size (29 companies) limits the generalizability of these findings across the entire UK fashion sector.

Best Payers

1. GAP EUROPE LIMITED - 99.87/100
2. INTIMATE APPAREL RETAIL UK LIMITED - 90.78/100
3. GRAFF DIAMONDS LIMITED - 87.5/100
4. PUMA UNITED KINGDOM LTD - 87.5/100
5. HARVEY & THOMPSON LIMITED - 86.95/100

Worst Payers

1. THE BOOTS COMPANY PLC - 21.62/100
2. ACCESSORIZE BRANDS LTD - 37.43/100
3. CURRYS GROUP LIMITED - 42.13/100
4. REISS LIMITED - 44.8/100
5. TREK BICYCLE CORPORATION LIMITED - 47.9/100

Regional Patterns

The regional data is a bit thin. The East of England boasts the highest average score (84.6/100), but this is based on just one company, so it's hardly representative. London, with 12 companies, has an average of 67.8/100, close to the sector average.

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Despite exceeding the UK average by 16.3 points, the fashion sector’s wide range, from Gap's near-perfect 99.87/100 to Boots' dismal 21.62/100, indicates that payment reliability isn't uniform across the industry.