Lifestyle & Entertainment Payment Scores See Modest Improvement: 2022 Average Rises to 63.3/100

The Comparison

• 2021: A sample of 55 companies averaged a payment score of 60.3 out of 100.
• 2022: The average score increased to 63.3 out of 100, but this was based on a smaller sample of 45 companies.
• Company count: 10 fewer Lifestyle & Entertainment businesses were included in the 2022 analysis.
• Change: Overall, there was a 3-point increase in the average payment score.

What This Means

While the Lifestyle & Entertainment sector demonstrated a slightly improved payment performance in 2022, the reduction in the number of companies assessed complicates direct year-on-year comparison. The 3-point improvement suggests a marginal, but not substantial, positive trend in payment practices, but it's crucial to consider the reduced sample size when interpreting the data. Businesses struggling with late payments can utilise tools like this late payment calculator.

In 2022, 45 Lifestyle & Entertainment companies had an average payment score of 63.3/100, up from 60.3/100 with 55 companies in 2021.