The UK's Lifestyle & Entertainment sector is clearly performing well above the national average when it comes to paying suppliers, with a score of 71.2 out of 100, exceeding the UK average by a significant 21.2 points. While this is positive, the large disparity between the best and worst payers suggests some suppliers still face real cashflow challenges in this sector.
The West Midlands, with an average score of 88.3, appears to be the strongest region for on-time payments in this sector, though it's based on just two companies, so might not be representative. The South East, with a much larger sample size of 11 companies, also shows strong performance at 83.4, suggesting businesses in this region prioritise prompt payment.
If you're experiencing late payments from companies in this sector, you can use this late payment calculator to calculate interest and compensation you're entitled to.
With a range of almost 65 points between the best and worst performing companies, suppliers should carefully consider who they are dealing with in the Lifestyle and Entertainment sector.
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