London Payment Practices: A Slight Improvement, Average Scores Up From 88.0 to 89.0

The Comparison

• 2022: A sample of 1000 London-based companies recorded an average payment practices score of 88.0 out of 100.
• 2023: The same sample size of 1000 London companies improved their average score to 89.0 out of 100.

What This Means

While there's an improvement, the 1.1-point increase indicates only a marginal positive shift in London's payment culture. It suggests that initiatives to improve payment speed or terms have had limited quantifiable effect on average behaviour across the studied businesses. Businesses can use this late payment calculator to assess the financial impact of slow payments.

One-line summary: London companies showed a small uptick in payment practices, from 88.0 to 89.0, out of 100.