North West Payment Trends: 2023 vs 2024
North West Payment Performance: Barely a blip in 2024, with average score edging up from 65.5 to 65.6
The Comparison
- 2023: Analysed data from 476 companies in the North West. Average payment performance score: 65.5 out of 100.
- 2024: Analysed data from 464 companies in the North West. Average payment performance score: 65.6 out of 100.
What This Means
The year-on-year improvement in payment performance across the North West is marginal, increasing by a mere 0.1 points. While any improvement is nominally positive, this slight shift suggests that underlying payment behaviours have remained broadly consistent between 2023 and 2024. A potential factor could be the near identical numbers of companies that contribute to the overall figure.
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One-line summary: With 476 companies in 2023 averaging 65.5, compared to 464 companies in 2024 averaging 65.6, payment behaviour has shown minimal evolution.
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