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Property-related Goods And Services Payment Practices Report 2024

•By PaymentCheck•Reports

UK Property Sector Payment Practices Beat National Average, But Performance Varies Wildly

The Numbers

  • Companies analysed: 81
  • Average PaymentCheck Score: 59.1/100
  • UK average: 50.0/100 (Property-related Goods And Services is 9.1 points above)
  • Highest score: 97.7/100 (HIGH SEAT LIMITED)
  • Lowest score: 15.85/100 (BELFIELD FURNISHINGS LIMITED)
  • London average: 69.9/100 (13 companies)
  • Lowest regional average: North East (63.4/100, 4 companies)

What Stands Out

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.

Best Payers

  1. HIGH SEAT LIMITED - 97.7/100
  2. RATIONAL UK LIMITED - 97.2/100
  3. MODUS SERVICES LIMITED - 97/100
  4. BLUM UK - 94.13/100
  5. ZOPA BANK LIMITED - 92.85/100

Worst Payers

  1. BELFIELD FURNISHINGS LIMITED - 15.85/100
  2. RECKITT BENCKISER (UK) LIMITED - 18.7/100
  3. CIRCUIT LAUNDERETTE SERVICES LTD. - 18.93/100
  4. ADIENT SEATING UK LTD - 29.5/100
  5. EATON ELECTRICAL SYSTEMS LIMITED - 29.6/100

Regional Patterns

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.