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Raw Materials And Intermediate Goods Payment Practices Report 2021

•By PaymentCheck•Reports

Raw Materials Sector Pays Slightly Better Than Average, But Performance Varies Wildly

The Numbers

  • Companies analysed: 146
  • Average PaymentCheck Score: 54.5/100
  • UK average: 50.0/100
  • London average: 68.0 (20 companies)
  • North East average: 63.5 (6 companies)
  • Wales average: 58.9 (7 companies)
  • South East average: 58.5 (18 companies)
  • East of England average: 57.8 (9 companies)
  • Top score: 100/100 (AMALGAMET LIMITED)
  • Bottom score: 9.2/100 (ASD LIMITED)

What Stands Out

While the raw materials and intermediate goods sector is marginally better than the UK average, the huge spread between the best and worst payers is a major red flag. London's significantly higher average PaymentCheck Score of 68.0, based on 20 companies, also suggests a regional disparity in payment practices within the sector.

Best Payers

  1. AMALGAMET LIMITED - 100/100
  2. FRESNILLO PLC - 98.25/100
  3. METDIST LIMITED - 97.9/100
  4. TENNANTS DISTRIBUTION LIMITED - 94.4/100
  5. STEMCOR LONDON LIMITED - 94.4/100

Worst Payers

  1. ASD LIMITED - 9.2/100
  2. CROWN PAINTS LIMITED - 11.3/100
  3. TIMET UK LIMITED - 23.2/100
  4. U-POL LIMITED - 25.6/100
  5. SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS - 25.7/100

Regional Patterns

The regional data reveals a clear geographical bias: London leads the way with an average PaymentCheck Score of 68.0, while other regions lag behind, highlighting a potential concentration of better payment practices in the capital. Even the North East, the second-best region, scores only 63.5. It's worth noting however that regional data is based on a smaller sample size compared to the total number of companies included in the analysis.

Suppliers concerned about late payments can use a late payment calculator to assess the financial impact of delays.

With the spread in scores going from ASD Limited at 9.2 to Amalgamet Limited at 100, the raw materials sector has a huge disparity in how they pay suppliers.