While the number of companies analysed increased from 2020 to 2021, the average payment performance score only rose marginally. This small improvement suggests a gradual shift towards better payment practices, however the change might not be significant enough to indicate a fundamental overhaul. You can calculate the potential impact of late payments on your business using a late payment calculator.
Overall, Northern Ireland's payment performance saw a small upward tick, moving from an average score of 58.5 (59 companies) in 2020 to 61.8 (66 companies) in 2021.