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Hardware Payment Practices Report 2024

•By PaymentCheck•Reports

UK Hardware Sector Payment Practices Show Significant Variation in 2024

The Numbers

  • Companies analysed: 44
  • Average PaymentCheck Score: 72.1/100
  • UK average PaymentCheck Score: 50.0/100 (Hardware sector is 22.1 points above)
  • Top Payer: RENESAS ELECTRONICS OPERATIONS SERVICES LIMITED - 96/100
  • Bottom Payer: LEVITON MANUFACTURING UK LIMITED - 33.2/100
  • Regional High: Northern Ireland - 90.5 avg (1 company)
  • Regional Low (of known regions): South West - 80.3 avg (3 companies)

What Stands Out

The UK hardware sector, on average, pays its suppliers considerably faster than the UK average. However, the wide range between the top and bottom payers, a difference of 62.8 points, indicates substantial disparities in payment cultures within the sector. Regional data, while limited in sample size, hints at possible geographic influences on payment performance.

Best Payers

  1. RENESAS ELECTRONICS OPERATIONS SERVICES LIMITED - 96/100
  2. AIRWAVE SOLUTIONS LIMITED - 95.4/100
  3. BLACKBERRY UK LIMITED - 94.93/100
  4. SIEMENS INDUSTRY SOFTWARE LIMITED - 94.7/100
  5. GRAPHCORE LIMITED - 94.1/100

Worst Payers

  1. LEVITON MANUFACTURING UK LIMITED - 33.2/100
  2. WESTON AEROSPACE LIMITED - 36.4/100
  3. QUALCOMM TECHNOLOGIES INTERNATIONAL, LTD. - 40.23/100
  4. CHELTON LIMITED - 43.5/100
  5. HP INC UK LIMITED - 47.33/100

Regional Patterns

Northern Ireland, with an average score of 90.5, appears to be the strongest region for on-time payments in the hardware sector, although this is based on just one company. The South West, with an average of 80.3 across three companies, demonstrates the lowest regional average of the known areas. It's important to note that with only 44 companies analysed, the data may not be fully representative of the UK hardware sector as a whole.

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The 62.8 point gap between the best and worst payers highlights the need for suppliers to carefully assess the payment practices of individual hardware companies, despite the sector's overall strong average of 72.1.