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Raw Materials And Intermediate Goods Payment Practices Report 2022

•By PaymentCheck•Reports

UK Raw Materials Sector Pays Slightly Better Than Average, But Huge Disparities Exist

The Numbers

  • Companies analysed: 127
  • Average PaymentCheck Score: 54.3/100
  • UK average PaymentCheck Score: 50.0/100
  • Raw Materials & Intermediate Goods average above UK average: 4.3 points

What Stands Out

While the raw materials and intermediate goods sector slightly outperforms the UK average on payment practices, the spread of scores reveals a significant chasm between the best and worst payers. The gap of 93.3 points between AMALGAMET LIMITED (100/100) and ASD LIMITED (6.7/100) highlights the inconsistent payment culture within the industry.

Best Payers

  1. AMALGAMET LIMITED - 100/100
  2. METDIST LIMITED - 97.77/100
  3. FRESNILLO PLC - 96.9/100
  4. MERCEDES-BENZ PARTS LOGISTICS UK LIMITED - 92.1/100
  5. STEMCOR LONDON LIMITED - 89.9/100

Worst Payers

  1. ASD LIMITED - 6.7/100
  2. CROWN PAINTS LIMITED - 17.9/100
  3. MACNAUGHTON BLAIR LIMITED - 18.3/100
  4. AALCO METALS LIMITED - 23.6/100
  5. INEOS ENTERPRISES GROUP LIMITED - 26.15/100

Regional Patterns

London leads the regional pack by a wide margin, with an average PaymentCheck score of 66.8 across 17 companies. That's fully 6.3 points better than Wales, which comes second at 63.9 across only 5 companies, suggesting the sample size may be skewing the results. Meanwhile, companies in the South East are basically average, scoring 55.7, which is only 1.4 points above the average for the sector.

Using our late payment calculator could help suppliers when dealing with the sector's slower payers.

Ultimately, while the sector's average score is marginally better than the UK baseline, the 4.3 point difference is largely dwarfed by the 93.3 point gap between the best and worst payers, so suppliers really need to do their homework.