While an improvement is evident, the 4.1-point increase between 2020 and 2025 suggests a slow pace of change in payment behaviors within the Life Sciences and Medical Technology sectors; the decrease in sample size may indicate industry consolidation or a shift in focus for data collection. This marginal progress highlights the need for businesses to actively monitor and manage their payment cycles, tools like this late payment calculator can help calculate the impact of delayed payments.
In summary, payment practices in Life Sciences and MedTech showed a minor improvement, shifting from an average score of 59.0 (out of 100) in 2020 to 63.1 in 2025.
How UK companies' payment practices changed in 2025 — the biggest improvers, the firms slipping, and the strongest new e
The UK agriculture sector is significantly outperforming the UK average for payment practices, suggesting a degree of fi
The year-on-year decline of 0.1 points, while statistically insignificant, suggests a stagnation in payment performance
The UK air travel sector significantly outperforms the national average when it comes to payment practices, achieving a
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