The UK Financial Services sector appears to be significantly better than average regarding payment practices, boasting a PaymentCheck score 32.5 points higher than the UK average. However, the gulf between the best and worst payers, from a perfect 100 to a dismal 8, reveals a stark inconsistency in payment ethics within the industry itself. This range indicates that a high sector average doesn't guarantee responsible payment behaviour across all firms.
Northern Ireland has the highest regional average at 94.7, albeit based on data from only 2 companies; Yorkshire and The Humber also performs well with an average of 88.9 across 11 firms. The South East, with the largest sample size of 71 companies, clocks in at a respectable 84.0, suggesting solid, if not spectacular, payment practices in a key financial region. Regional data should be interpreted with caution due to the sample sizes involved.
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While the financial services sector averages 82.5/100, UBS Asset Management (UK) LTD’s score of just 8/100 proves some firms are letting the side down badly.
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