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.
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The UK agriculture sector is significantly outperforming the UK average for payment practices, suggesting a degree of fi
The year-on-year decline of 0.1 points, while statistically insignificant, suggests a stagnation in payment performance
The UK air travel sector significantly outperforms the national average when it comes to payment practices, achieving a
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