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Hardware Payment Practices Report 2020

•By PaymentCheck•Reports

UK Hardware Sector Blows Away National Average for Payment Practices in 2020

The Numbers

  • Companies analysed: 31
  • Average PaymentCheck Score: 67.9/100
  • UK average: 50.0/100
  • Hardware sector advantage over UK average: 17.9 points

What Stands Out

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.

Best Payers

  1. RENESAS ELECTRONICS OPERATIONS SERVICES LIMITED - 97.5/100
  2. MICROSOFT LIMITED - 91.5/100
  3. BOSE LIMITED - 90.72/100
  4. AMADEUS IT SERVICES UK LIMITED - 89.35/100
  5. HP INC UK LIMITED - 89.3/100

Worst Payers

  1. AVMI KINLY LTD - 30.6/100
  2. RICOH UK LIMITED - 33.83/100
  3. WESTON AEROSPACE LIMITED - 36.07/100
  4. QUALCOMM TECHNOLOGIES INTERNATIONAL, LTD. - 39.42/100
  5. AIRBUS DEFENCE AND SPACE LIMITED - 41.75/100

Regional Patterns

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.

If you're dealing with late payments, check out this handy late payment calculator.

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.