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Raw Materials And Intermediate Goods Payment Practices Report 2024

•By PaymentCheck•Reports

UK Raw Materials Sector: Payment Performance a Mixed Bag, London Leads

The UK's raw materials and intermediate goods sector demonstrates a slightly better-than-average payment performance compared to the overall UK average, but a wide disparity exists between companies.

The Numbers

  • Companies analysed: 137
  • Average PaymentCheck Score: 54.1/100
  • UK average: 50.0/100 (Raw Materials And Intermediate Goods is 4.1 points above)
  • Top score: 100/100 (AMALGAMET LIMITED)
  • Lowest score: 8.15/100 (ASD LIMITED)
  • Regional highest average: London - 70.1/100 (15 companies)
  • Regional lowest average: North West - 54.5/100 (27 companies)

What Stands Out

While the sector's average PaymentCheck score is a modest 4.1 points above the national average, the wide range, from a perfect 100 to a dismal 8.15, suggests significant inconsistency in payment practices. It's also notable that some large, well-established firms are among the worst payers.

Best Payers

  1. AMALGAMET LIMITED - 100/100
  2. METDIST LIMITED - 97.8/100
  3. STEMCOR LONDON LIMITED - 96.93/100
  4. MINMETALS (U.K) LIMITED - 95.7/100
  5. MITSUBISHI CORPORATION INTERNATIONAL (EUROPE) PLC - 89.85/100

Worst Payers

  1. ASD LIMITED - 8.15/100
  2. ZF AUTOMOTIVE UK LIMITED - 20.5/100
  3. FORTERRA BUILDING PRODUCTS LIMITED - 22.7/100
  4. 3M UNITED KINGDOM PUBLIC LIMITED COMPANY - 24.9/100
  5. SHERWIN-WILLIAMS UK LIMITED - 25.15/100

Regional Patterns

London boasts a significantly higher average PaymentCheck score (70.1/100) compared to the North West (54.5/100), indicating a potential geographical disparity in payment cultures within the sector. Wales (62.0/100), East of England (59.4/100) and the North East (59.1/100) all sit above the sector average, although the small sample sizes (6, 10, and 7 companies, respectively) mean these figures should be interpreted with caution.

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Despite exceeding the national average, with a 91.85 point gap between best and worst payers, the raw materials sector clearly has room for improvement in its payment practices.