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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The year-on-year decline of 0.1 points, while statistically insignificant, suggests a stagnation in payment performance
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