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Property Payment Practices Report 2022

•By PaymentCheck•Reports

UK Property Sector Outperforms on Payments, But Wide Disparities Remain

The Numbers

  • Companies analysed: 447
  • Average PaymentCheck Score: 66.9/100
  • UK average: 50.0/100
  • Property sector advantage over UK average: 16.9 points
  • Number of companies achieving a perfect 100/100: 2
  • London average: 74.8 (106 companies)
  • East of England average: 72.9 (53 companies)
  • North East average: 67.9 (17 companies)
  • Yorkshire and The Humber average: 66.4 (28 companies)

What Stands Out

While the UK property sector's average PaymentCheck score of 66.9 is significantly higher than the national average of 50, the distribution of scores reveals considerable inconsistency; a 16.9 point lead is good, but the range from 18.15 to 100 suggests some companies are dragging down the overall performance. London-based companies lead the way with an average score of 74.8, indicating that geographic location may play a role in payment efficiency.

Best Payers

  1. DYNO-ROD LIMITED - 100/100
  2. BIDCONNECTER LIMITED - 100/100
  3. DANNY SULLIVAN & SONS LTD. - 99.6/100
  4. TRAVIS PERKINS (PROPERTIES) LIMITED - 99.6/100
  5. WALSALL HOUSING GROUP LIMITED - 98.7/100

Worst Payers

  1. NOV DOWNHOLE EURASIA LIMITED - 18.15/100
  2. COLAS LIMITED - 19.3/100
  3. WINNINGTON CHP LIMITED - 19.94/100
  4. BAXI HEATING UK LIMITED - 22.35/100
  5. INCENTIVE FACILITIES MANAGEMENT LIMITED - 23.87/100

Regional Patterns

London's average PaymentCheck score of 74.8, representing a 7.9 point premium over the UK property sector average, puts it ahead of all other regions; however, with only 17 companies analysed in the North East, its 67.9 average may not be fully representative. Yorkshire and The Humber's average of 66.4 is slightly below the overall property sector's 66.9, hinting at regional variations in payment culture.

If you are experiencing late payments, you can use this late payment calculator to determine interest and compensation.

While the property sector outperforms the UK average, the spread of scores - from NOV DOWNHOLE EURASIA LIMITED's 18.15 to DYNO-ROD LIMITED's 100 - points to a fragmented approach to payment practices.