Northern Ireland Payment Performance: Slight Improvement Observed – Up 3.4 Points

The Comparison

• 2020: A sample of 59 companies yielded an average payment performance score of 58.5 out of 100.
• 2021: A slightly larger sample of 66 companies showed an improved average score of 61.8 out of 100.

What This Means

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.