The UK Media and Publishing sector shows a significantly better average payment performance compared to the UK average, with 72.0 versus 50.0. However, the considerable spread between the best and worst payers indicates inconsistent payment cultures within the industry, and some suppliers will undoubtedly be feeling the pinch.
Payment performance varies significantly by region, with the West Midlands leading at an average of 91.8 (but only one company sampled) and Wales coming in second at 89.9 (based on three companies); this suggests that geography could play a role, but we would need larger sample sizes to say that definitively.
For suppliers frustrated by slow payments, it's worth checking out this late payment calculator to understand the potential financial impact.
While the Media and Publishing sector's average PaymentCheck score of 72.0 is encouraging, the gap of 57.45 points between the highest and lowest scoring companies underscores the need for suppliers to do their due diligence before extending credit.
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