UK Tech Sector Payments: A Tale of Two Extremes in 2021

The Numbers

• Companies analysed: 62
• Average PaymentCheck Score: 68.6/100
• UK average: 50.0/100 (Information Technology is 18.6 points above)
• East of England average: 82.9/100 (9 companies)
• Yorkshire and The Humber average: 79.1/100 (4 companies)
• London average: 71.3/100 (20 companies)
• Scotland average: 70.7/100 (2 companies)
• North West average: 66.1/100 (1 company)

What Stands Out

The IT sector’s average payment score of 68.6 significantly outpaces the UK average of 50, suggesting generally better payment practices than seen across all industries. However, the wide range between the top and bottom payers suggests inconsistent approaches to payment within the tech industry itself.

Best Payers

1. ITC INFOTECH LIMITED - 97.68/100
2. DATALYNX LIMITED - 97.6/100
3. COMMVAULT SYSTEMS LIMITED - 96.43/100
4. GLOBALDATA PLC - 95.8/100
5. LIMEJUMP LTD - 94.7/100

Worst Payers

1. NOKIA UK LIMITED - 18.6/100
2. EXCLUSIVE NETWORKS LIMITED - 29.3/100
3. AVAYA UK - 30.94/100
4. KYOCERA DOCUMENT SOLUTIONS (U.K.) LIMITED - 39.86/100
5. ANNODATA LIMITED - 39.9/100

Regional Patterns

The East of England, with an average score of 82.9, leads the way in timely payments, which is a striking 14.3 points higher than the national IT sector average of 68.6. London, housing 20 companies, scored an average of 71.3, indicating a broad range of payment behaviours within the capital's tech firms, given the number of businesses considered. The North West is represented by only one company, so its average of 66.1 may not be indicative of the region as a whole.

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While the average score is good, Nokia UK's 18.6 score underscores the critical importance of due diligence, as some companies in the IT sector significantly underperform even the national average.