The UK hardware sector shows a substantially better payment performance than the national average, but this overall positive picture masks considerable variations between companies; the top payer's score is over three times higher than the lowest. While West Midlands boasts the highest average, it's based on just one company (AICO) achieving a near-perfect score, so it's not necessarily representative.
While the West Midlands appears to be a haven for prompt payments with its average of 98.9, it's solely represented by AICO's high score and therefore shouldn't be viewed as an indication of a regional trend. South West (82.7 avg) and Scotland (81.1 avg) are the next strongest after removing regions that contain just one or two companies, implying slightly better payment practices compared to the national average.
If you're facing late payments, remember you can use a late payment calculator to determine what you're owed.
Despite a sector average of 68.3, suppliers should be wary of accepting payment terms from companies like Chelton Limited, as their score of just 27.4 indicates a significantly higher risk of late or non-payment.
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