While the professional services sector, on average, demonstrates significantly better payment practices than the UK norm, the vast disparity between the top and bottom performers is stark. A company scoring 3.75 out of 100 suggests potentially egregious payment delays or other problematic practices.
The South West shows the strongest payment performance at 80.4, but the small sample size of only 5 companies makes it less definitive. London, with the largest sample size of 105 companies, falls below the sector average at 72.4, suggesting that the sheer volume of transactions in the capital might present challenges.
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Despite a relatively high sector average of 70.1, the 96.25-point difference between the best and worst payers illustrates that some businesses within UK Professional Services have serious work to do on payment ethics.
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