While the property-related goods and services sector does outperform the UK average in payment practices, the 3.2-point lead isn't exactly cause for celebration. The wide range between the top and bottom payers – a yawning 76-point gap between RATIONAL UK LIMITED and T. C. LANDSCAPES LIMITED – suggests significant inconsistency within the sector.
Scotland, Wales, and the South West all boast averages exceeding 64/100, suggesting better payment cultures in those regions within this sector, but the low company sample size undermines the significance; conversely, despite having 10 companies to its name, London's 61.1 average still falls shy of the top performing regions.
Small suppliers struggling with late payments can use a late payment calculator to assess the impact.
While it's above average, the property sector's overall PaymentCheck score of 53.2/100 shows there's definite room for improvement to get closer to a perfect 100, especially when the worst payers languish below 25/100.
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