The data indicates a marginal improvement in payment practices within the North East region. While the increase of 2.4 points represents a positive shift, it suggests that significant changes in payment behaviour are yet to materialise and businesses may still be experiencing cash flow constraints. To calculate the potential impact of late payments on your business, consider using a late payment calculator.
One-line summary: Payment practices in the North East improved slightly, from an average score of 60.9 (133 companies) in 2022 to 63.3 (139 companies) in 2023.