UK Mental Health and Psychology Sector Pays Suppliers Significantly Faster Than Average…But Data is Sparse

The Numbers

• Average PaymentCheck Score: 64.5/100
• UK average across all sectors: 50.0/100
• Mental Health & Psychology sector exceeds UK average by 14.5 points
• Number of companies analyzed: 3
• Top Payer: LOCALA COMMUNITY PARTNERSHIPS C.I.C. - 84.07/100
• Bottom Payer: DOW SILICONES UK LIMITED - 33.9/100
• Regional Average (Yorkshire and The Humber): 84.1/100 (1 company)
• Regional Average (London): 75.5/100 (1 company)
• Regional Average (Wales): 33.9/100 (1 company)

What Stands Out

The Mental Health and Psychology sector seems to prioritize prompt payment, as its average PaymentCheck score dwarfs the overall UK average. However, with only three companies in our sample, drawing definitive conclusions is risky; a larger dataset could paint a different picture.

Best Payers

1. LOCALA COMMUNITY PARTNERSHIPS C.I.C. - 84.07/100
2. OPTIMA HEALTH UK LIMITED - 75.55/100

Worst Payers

1. DOW SILICONES UK LIMITED - 33.9/100

Regional Patterns

Yorkshire and The Humber demonstrates the fastest payment practices based on the sole company headquartered there, significantly outperforming Wales. London also shows faster payment practices, but these regional findings are based on only one data point each and so should be viewed with considerable caution.

You can calculate the impact of late payments on your business using a late payment calculator.

While the sector average looks promising, DOW SILICONES UK LIMITED's score pulls the average down, indicating considerable variation in payment practices and highlighting the need for suppliers to do their due diligence.