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North West Payment Practices Report 2022

•By PaymentCheck•Reports

North West Firms Lead UK in Payment Practices, but Laggards Drag Down Progress

The Numbers

  • Companies Analysed: 458
  • Average PaymentCheck Score (North West): 65.4/100
  • Average PaymentCheck Score (UK): 50.0/100
  • North West Advantage: 15.4 points above the UK average.
  • Top PaymentCheck Score: 100/100
  • Bottom PaymentCheck Score: 13.4/100

What Stands Out

The North West significantly outperforms the UK average in payment practices, yet a wide disparity exists within the region, as evidenced by the bottom payers scoring so low. The Human Resources sector emerges as a clear leader in prompt payments, showing the commitment in that field.

Best Payers

These companies achieved a perfect PaymentCheck score of 100/100, setting the gold standard for payment practices in the North West:

  1. TWENTIETH CENTURY FOX TELEVISION DISTRIBUTION (U.K.), LTD.
  2. RULLION ENGINEERING LIMITED
  3. PAYQUEST GROUP LIMITED
  4. PAYSTREAM MY MAX HOLDINGS LIMITED
  5. PAYSTREAM MY MAX 3 LIMITED

Worst Payers

These companies need to significantly improve their payment practices, as indicated by their low PaymentCheck scores:

  1. BESTWAY PHARMACY NDC LIMITED - 13.4/100
  2. DONALD WARDLE AND SON LIMITED - 14.6/100
  3. CROWN PACKAGING MANUFACTURING UK LIMITED - 15.6/100
  4. CROWN PAINTS LIMITED - 17.9/100
  5. SLATER & GORDON (UK) 1 LIMITED - 18.37/100

Sector Breakdown

Payment performance varies significantly across different sectors:

  • Human Resources: 94.1 average (12 companies)
  • Data: 93.8 average (1 company)
  • Hardware: 86.4 average (2 companies)
  • Train Travel: 85.6 average (1 company)
  • Education: 82.4 average (13 companies)

The Human Resources sector, with an average of 94.1, demonstrates exceptional payment behaviour relative to other industries, while the Data sector results should be taken with a grain of salt since this represents only one company.

If you are dealing with late payments, use this late payment calculator to assess your options.

One-line takeaway: While the North West's average PaymentCheck score of 65.4 surpasses the UK's 50, the region needs to address the poor payment performance exhibited by the bottom 5 companies, who all score under 20.