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.