While UK Manufacturing slightly outperforms the national average in payment practices, the narrow 1.7-point lead is frankly unimpressive and indicates room for significant improvement. The enormous gulf between the best and worst payers – an 80.53-point difference – underlines the inconsistent approach to supplier payments across the sector.
These companies set a positive example with their payment practices:
These companies need to seriously address their payment behaviour:
The North East showed the strongest payment performance, averaging 65.0 across 5 companies, while the South West came in second at 60.5 based on data from 11 companies; we need more data from across the UK to draw stronger regional conclusions.
If you're facing late payments, you can use a late payment calculator to determine potential interest and compensation.
With the best payer at 90.3 and the worst at just 9.77, payment practices in UK Manufacturing are too inconsistent to call 'good'.
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