North West Payment Practices: 5-Year Analysis (2020-2025)
North West Payment Performance: Slight Improvement of 3.2 Points Since 2020
The Comparison
- 2020: A study of 464 companies in the North West yielded an average payment performance score of 62.2 out of 100. This indicates a baseline level of payment efficiency across the region at the start of the decade.
- 2025: A similar analysis of 405 companies reveals an average score of 65.4 out of 100. While demonstrating progress, the decrease of 59 companies in the study may be affecting the overall scoring averages.
What This Means
The data suggests a marginal improvement in payment practices in the North West between 2020 and 2025. Although the average score increased, the small size of the rise, coupled with a fall in the number of companies surveyed, points to changes within a specific subset of businesses rather than a wholesale shift across the entire region. Businesses struggling with late payments can use a late payment calculator to assess the impact on their cashflow.
North West payment performance in 2025: 65.4/100 vs 62.2/100 in 2020.
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