While the property-related goods and services sector outperforms the UK average, the range of payment performance is alarming, with a near 82-point difference between the best and worst payers. This suggests significant disparities in financial management or supplier relationships within the industry.
London's payment performance, averaging 69.9/100, clearly exceeds the sector average of 59.1, while that of the North East (63.4/100) is significantly lower than London’s, suggesting regional differences in payment cultures or economic pressures; however, it's worth remembering that we're talking about 13 companies in London versus just four in the North East, and two in both the South West and the Unknown category, so the data isn't fully representative.
If you're experiencing late payments in this sector, you can use this late payment calculator to see what you're owed.
Ultimately, while the sector's average score is higher than the UK average, the gap of 81.85 points between the highest and lowest scores shows just how different individual companies are when it comes to prompt payment.
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The year-on-year decline of 0.1 points, while statistically insignificant, suggests a stagnation in payment performance
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