While the professional services sector boasts an average payment score nearly 23 points above the UK average, the data reveals a significant disparity between the top and bottom performers, highlighting the unevenness of payment practices within the industry itself. The dominance of London-based companies (99 out of 162) suggests the data heavily reflects practices in the capital.
The South West leads the regional averages with a score of 86.1, significantly higher than London's 73.7, though the smaller sample size of only 6 companies in the South West compared to London's 99 suggests the South West figure may not be representative. Given that 61% of the companies are from London, its average of 73.7 heavily influences the overall sector score.
Suppliers should be wary of the significant 86.5-point difference between the best and worst payment scores within the Professional Services sector and consider using a late payment calculator to assess potential impacts on their cashflow.
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