London companies, on average, significantly outperform the rest of the UK regarding payment practices. However, even the "worst" performing companies in the data set earned a PaymentCheck score in the high 70s, suggesting a strong baseline performance across the board.
The following companies achieved a perfect PaymentCheck score of 100/100, indicating exemplary payment practices:
These companies are all across different sectors, from finance to energy, suggesting a commitment to timely payment regardless of industry.
While the term "worst" is relative here, these companies recorded the lowest PaymentCheck scores within the analysed sample, all clustered around 76.3/100:
It's important to note that even these scores are respectable, still considerably better than the UK average. It is also interesting that 4 of the five have the same score.
A few sectors stand out based on their average PaymentCheck scores:
The consistently high scores across various sectors suggest that good payment practices are widespread among London businesses, but the sample size for both Supply Chain and Lifestyle And Entertainment means these figures should be viewed with caution. If you're owed money from a late invoice, you can calculate potential interest payments using this late payment calculator.
Takeaway: Despite a range of company sizes and sectors analyzed, even the 'worst' payers in London scored over 50% better than the average company across the UK.
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