The UK Food and Drink sector's average PaymentCheck score of 49.2 puts it slightly below the national average, which suggests a minor but widespread issue with payment practices. The gulf between the best and worst payers, nearly 80 points, highlights a stark disparity in financial responsibility within the sector.
London, with its large sample size of 24 companies, exhibits a higher average PaymentCheck score (58.1) compared to the sector average, suggesting potentially better payment practices within the capital's Food and Drink businesses. The "Unknown" region shows the highest average score (69.5), but with only three companies represented, it may not be indicative of a broader trend, and more data would be needed to evaluate properly.
Before sending a late payment reminder, you might want to calculate the late payment interest with a late payment calculator.
One-line takeaway: The Food and Drink sector's 0.8-point deficit compared to the UK average, and the spread between ECOM AGROTRADE LIMITED (89.9) and ABSOLUTELY CATERING LIMITED (10.4), suggests significant variability in payment performance.
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