The UK hardware sector significantly outperformed the national average for payment practices in 2020, but a closer look reveals a wide disparity between the best and worst payers. While the average PaymentCheck Score of 67.9 is impressive, the presence of companies with scores as low as 30.6 indicates that positive payment behaviour isn't universal.
The West Midlands, with a single company assessed, reported an average PaymentCheck Score of 89.0. Northern Ireland, again with one company, came in at 83.0. However, with so few companies represented, it's tough to draw any meaningful conclusions about regional payment cultures within the hardware sector. Scotland, with two companies contributing to an average of 77.9, doesn't offer a clear trend either.
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One-line takeaway: While the average PaymentCheck Score in the UK Hardware sector was 67.9 in 2020, an alarming 16% of companies scored below 40, highlighting significant risk for suppliers.
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