While there is a demonstrable movement towards better payment practices, the increase of 2.4 points is relatively small, suggesting gradual rather than radical improvement in the sector. This indicates many companies face ongoing challenges in areas impacting cash flow such as timely payments from clients and effective internal finance processes. Businesses struggling with late payments can use this late payment calculator to determine appropriate penalties.
Summary: Property Goods & Services showed marginal gains in average payment scores: 56.7 (2023) to 59.1 (2024).