Food And Drink Payment Trends: 2022 vs 2023
Food & Drink Payment Performance Dips Slightly: 2022 Score of 49.2 Falls to 48.3 in 2023
The Comparison
- 2022: 129 companies assessed demonstrate an average payment performance score of 49.2 out of 100.
- 2023: 126 companies assessed show a minor decrease in average payment performance, reaching 48.3 out of 100.
What This Means
The data reveals a negligible decline of 0.9 points in payment practices within the food and drink sector between 2022 and 2023, suggesting stability rather than a significant deterioration in payment behaviour, despite the slightly smaller pool of companies assessed. External economic pressures may be playing a part, however any impact is clearly very limited. Businesses dealing with late payments can use this late payment calculator to determine applicable interest and charges.
One-line summary: The average payment performance score in the food and drink sector decreased slightly from 49.2 (129 companies) in 2022 to 48.3 (126 companies) in 2023.
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