Northern Ireland Payment Trends: 2022 vs 2023
Northern Ireland Payment Performance Shows Modest Improvement: Average Score Rises From 62.0 to 66.8
The Comparison
A direct comparison of payment practices in Northern Ireland between 2022 and 2023 reveals the following:
- 2022: 62 companies assessed yielded an average payment score of 62.0 out of 100.
- 2023: 66 companies assessed showed an average payment score of 66.8 out of 100.
What This Means
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.
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