North East Payment Practices Stagnate: Average Score Unchanged at 63.3/100

The Comparison

• 2023: A sample of 139 companies in the North East region yielded an average payment practices score of 63.3 out of 100.
• 2024: A slightly smaller sample of 131 companies in the North East region also yielded an average payment practices score of 63.3 out of 100.

What This Means

Despite a decrease in the number of companies assessed, the average payment performance in the North East has shown negligible movement year-on-year. This flatlining suggests consistent payment behaviours across the region, but also indicates a lack of tangible improvement despite ongoing conversations about payment terms and promptness. Companies experiencing payment delays can calculate potential interest and compensation using a late payment calculator.

One-line summary: North East payment practices held steady, with an average score of 63.3/100 maintained across both 2023 (139 companies) and 2024 (131 companies).