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Information Technology Payment Practices Report 2024

•By PaymentCheck•Reports

UK Tech Sector Shows Strong Payment Performance, But Wide Disparities Persist

The Numbers

  • Companies Analysed: 62
  • Average PaymentCheck Score: 70.2/100
  • UK Average (all sectors): 50.0/100
  • Difference between UK average and IT sector average: 20.2 points
  • Top Payer: CAPITA SECURE INFORMATION SOLUTIONS LIMITED - 100/100
  • Bottom Payer: MAVENIR SYSTEMS LIMITED - 19.52/100
  • Regional average, East of England: 84.5/100 (8 companies)
  • Regional average, London: 73.2/100 (21 companies)

What Stands Out

The UK Information Technology sector is, on average, significantly better at paying its suppliers than businesses across the board, registering a PaymentCheck score more than 20 points higher than the national average. However, the wide range of scores, from perfect to near-failing, indicates that within the IT sector, some companies struggle, or simply choose not, to prioritise timely payments.

Best Payers

  1. CAPITA SECURE INFORMATION SOLUTIONS LIMITED - 100/100
  2. DATALYNX LIMITED - 99.2/100
  3. MASS CONSULTANTS LIMITED - 96.33/100
  4. ITC INFOTECH LIMITED - 96.26/100
  5. TRENCHANT LIMITED - 96/100

Worst Payers

  1. MAVENIR SYSTEMS LIMITED - 19.52/100
  2. ADVANCED COMPUTER SOFTWARE GROUP LIMITED - 24.47/100
  3. TALKTALK COMMUNICATIONS LIMITED - 31.13/100
  4. MAINTEL EUROPE LIMITED - 35.5/100
  5. AVAYA UK - 36.9/100

Regional Patterns

The East of England leads the way with an average score of 84.5, suggesting potentially stronger payment ethics or better cash flow management among IT companies in that region; London, with the largest sample size, has a respectable average of 73.2, but it's clearly not uniform excellence. The other regions have too few data points to be certain if their averages have significance.

Feeling short-changed? Use this late payment calculator.

While the IT sector's average PaymentCheck of 70.2/100 is encouraging, the 80.48 point gap between the best and worst performers, CAPITA and Mavenir, signals substantial internal disparities that vendors should carefully consider.