Manufacturing's average PaymentCheck score of 53.1 is marginally above the UK average of 50, but let's be honest, it's hardly setting the world alight. The spread between the best and worst payers is huge – Tata Steel scores a dismal 5.8, while Mitsubishi Heavy Industries EMEA hits a respectable 92.47, showing there's no sector-wide standard.
Northern Ireland stands out with an average PaymentCheck score of 65.9, significantly higher than other regions, although this figure's based on just two companies, so it's hardly conclusive; the South East has the most companies recorded and scores 58.6, higher than the average of 53.1.
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Takeaway: With a sector average of 53.1 and a massive range of scores, payment practices in UK manufacturing are far from consistent, highlighting the need for suppliers to do their homework on individual companies.
Manufacturing payment performance showed a modest improvement in 2025, with the average score rising by 1.0 points to 53.1/100, even as the reporting landscape shifted with 35 companies exiting the data. This positive aggregate trend obscures significant individual changes; for example, Luxfer Gas Cylinders Limited made a substantial leap, improving by 18.6 points to a robust 62.8/100, demonstrating a clear focus on better payment practices. At the other end, Coveris Louth Limited experienced the steepest decline, falling 7.8 points to a concerning 24.4/100, signaling potential cash flow or operational issues. The reduced number of reporting entities, from 183 to 156, suggests a possible consolidation within the sector or a thinning of the ranks of larger payers, which may have contributed to the overall score uptick. Suppliers need to scrutinise not just average scores but also individual customer data and the evolving composition of the reporting cohort, as these factors directly impact payment reliability.
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