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Raw Materials And Intermediate Goods Payment Practices Report 2020

•By PaymentCheck•Reports

Raw Materials & Intermediate Goods Sector Payments: Marginally Above Average, But Wide Disparities Persist

The Numbers

  • Companies analysed: 129
  • Average PaymentCheck Score: 51.1/100
  • UK average: 50.0/100
  • North East average: 67.9 (6 companies)
  • London average: 64.0 (18 companies)
  • Scotland average: 54.4 (5 companies)
  • South East average: 54.0 (18 companies)
  • North West average: 52.3 (22 companies)

What Stands Out

While the Raw Materials and Intermediate Goods sector performs slightly better than the UK average in payment practices, this small margin (1.1 points) masks significant internal disparities. The substantial difference between top and bottom payers reveals that prompt payment isn't necessarily inherent to the industry itself, but rather a conscious choice by individual companies.

Best Payers

  1. TANGENT TRADING LIMITED - 100/100
  2. AMALGAMET LIMITED - 100/100
  3. FRESNILLO PLC - 97.4/100
  4. STEMCOR LONDON LIMITED - 92/100
  5. INVIBIO LIMITED - 89.3/100

Worst Payers

  1. MACNAUGHTON BLAIR LIMITED - 13.9/100
  2. ARNOLD LAVER & COMPANY LIMITED - 14.5/100
  3. EUROCELL BUILDING PLASTICS LIMITED - 19.9/100
  4. AXALTA COATING SYSTEMS UK LIMITED - 21.9/100
  5. U-POL LIMITED - 23.7/100

Regional Patterns

The North East leads the way with an average PaymentCheck score of 67.9, a full 16.8 points above the national average for this sector, although the small sample size of 6 companies means this could skew high. London also shows respectable results at 64.0, suggesting that location may have some bearing on payment culture within the industry.

One-line takeaway: Despite a slightly better-than-average PaymentCheck score of 51.1/100, the Raw Materials and Intermediate Goods sector shows stark contrasts, with some companies scoring under 15 while others achieve a perfect 100. If you're dealing with late payments, you can use this late payment calculator.