Northern Ireland Payment Trends: 2021 vs 2022
Northern Ireland Payment Practices: A Marginal Improvement of 0.2 Points Observed Between 2021 and 2022
The Comparison
- 2021: A sample of 66 companies in Northern Ireland yielded an average payment score of 61.8 out of 100.
- 2022: The average payment score, based on 62 companies, increased slightly to 62.0 out of 100.
What This Means
The data suggests a near-static payment performance in Northern Ireland between 2021 and 2022, the improvement of 0.2 points signals virtually no tangible change. A slightly smaller sample size in 2022 could have influenced the average, though minimally considering the marginal score change. For businesses impacted by late payments, a late payment calculator, such as this late payment calculator, could be used to quickly calculate compensation and interest due.
One-line summary: Payment practices in Northern Ireland barely budged, with average scores rising negligibly from 61.8 (out of 100 from 66 firms) in 2021 to 62.0 (out of 100 from 62 firms) in 2022.
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