While the sector's average payment performance is notably better than the UK average, a wide range exists: some organisations are exemplary payers, while others fall considerably short. Boots Management Services Limited's PaymentCheck score of 21.82/100 is almost 80 points lower than the top payer, indicating significant payment issues within the organisation. You can use a late payment calculator to estimate the potential costs of slow payments.
The West Midlands leads in payment performance with an average score of 76.8, but with only two companies contributing to this average, it's hard to call it definitive proof of better payment practices in the region. London, with 18 companies, has a solid average of 70.1, while the South East (13 companies) lags behind at 66.9, which suggests that geography may, in some instances, play a role.
While the Healthcare and Wellbeing sector as a whole fares better than the national average for payment performance, with a score of 65.1/100 versus 50.0/100, the data clearly shows there are still some organisations lagging far behind, potentially putting a squeeze on their suppliers.
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