A direct comparison of payment practices in Northern Ireland between 2022 and 2023 reveals the following:
The data indicates a small positive shift in payment behaviour across Northern Ireland, with an improvement of 4.8 points in the average score. While the increase is noteworthy, its relative size suggests only a marginal overall change in payment culture during this period. Businesses concerned about the impact of payment delays can utilise a late payment calculator to understand potential financial consequences.
One-line summary: Northern Ireland's average payment score improved from 62.0 (out of 100) in 2022 to 66.8 in 2023, based on 62 and 66 companies respectively.