Property Payment Trends: 2021 vs 2022
Property Sector Payment Practices: A Stagnant Story – Marginal 0.6 Point Improvement from 2021 to 2022
The Comparison
Here's a side-by-side view of payment performance in the property sector:
- 2021: 467 companies assessed, achieving an average payment score of 66.3 out of 100.
- 2022: 447 companies assessed, achieving an average payment score of 66.9 out of 100.
What This Means
The slight increase of 0.6 points in the average payment score from 2021 to 2022 suggests a near standstill in payment performance improvement across the property sector, despite a decrease of 20 in the number of companies assessed. A score of 66.9 still indicates significant room for improvement, with many companies likely experiencing payment delays and potential cash flow difficulties that may be worth calculating with a late payment calculator.
In short: While the number of companies assessed decreased from 467 to 447, average payment performance only nudged up negligibly from 66.3 to 66.9 out of 100.
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