London Payment Trends: 2021 vs 2022
London Payment Practices Dip Slightly: Average Score Falls 1.3 Points Between 2021 and 2022
The Comparison
- 2021: A survey of 1,000 London-based companies revealed an average payment score of 89.3 out of 100.
- 2022: A matching survey of 1,000 London-based companies recorded a slightly lower average payment score of 88.0 out of 100.
What This Means
The data indicates a minor deterioration in London's payment culture between 2021 and 2022, though the 1.3-point decline suggests the overall shift is not substantial. While still representing a fairly high average score, the decrease may reflect subtle changes in economic conditions or business priorities affecting payment behavior, making tools like a late payment calculator even more relevant.
Summary: London's average payment score decreased from 89.3 in 2021 to 88.0 in 2022.
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