North West Payment Practices: Negligible Dip as Average Score Drops Fractionally in 2022

The Comparison

Here's a data snapshot comparing payment performance in the North West between 2021 and 2022:

• Number of Companies Assessed:

  • 2021: 492
  • 2022: 458 (representing a decrease of 34 companies or roughly 7%)

• Average Payment Score (out of 100):

  • 2021: 65.5
  • 2022: 65.4

• Overall Change:

  • A decline of 0.1 points in the average payment score.

What This Means

The average payment score in the North West remained essentially flat year-on-year. While the score dipped slightly, the decrease of only 0.1 points suggests relatively stable payment practices. The number of companies included in the assessment dropped noticeably; this could signal a change in the makeup of businesses operating or a difference in reporting to credit agencies during this timeframe. Use our free late payment calculator to estimate costs related to slow payments.

In Summary: With 492 companies scoring 65.5 in 2021 versus 458 companies scoring 65.4 in 2022, payment performance in the North West shows a tiny decrease over the year.