Here's a snapshot of payment practices in Northern Ireland, comparing 2023 and 2024 based on a study of 66 companies each year:
The data reveals a slight positive shift in payment performance in Northern Ireland, but the improvement of 0.4 points is minimal, suggesting a largely static environment for payment practices. While any progress is welcome, such a small change indicates underlying issues with late payments persist and significant challenges remain. Companies struggling with delayed invoices can use a late payment calculator to understand the potential financial impact.
In 2024, Northern Irish businesses averaged a 67.2/100 payment performance score, only 0.4 points higher than the 66.8/100 average observed in 2023.