Safety And Security Payment Practices Report 2020
UK Safety & Security Sector Pays Suppliers Significantly Faster Than Average
The Numbers
- 51 companies in the UK Safety and Security sector analysed.
- Average PaymentCheck Score: 65.6/100.
- UK average PaymentCheck Score (all sectors): 50.0/100.
- The Safety & Security sector is 15.6 points above the UK average.
- Top payer: Babcock Land Limited (98.8/100).
- Bottom payer: Hire Station Limited (27.03/100).
- Regional PaymentCheck Scores: Unknown (87.6 avg, 3 companies), East of England (74.5 avg, 4 companies), London (67.8 avg, 22 companies), South East (65.6 avg, 13 companies), Yorkshire and The Humber (53.5 avg, 4 companies).
What Stands Out
The Safety and Security sector demonstrably outperforms the average UK business when it comes to paying suppliers on time, but the range of scores is significant. G4S appears both in the top and bottom five payers, showing that there are clearly differences in the way the company pays invoices in different business units.
Best Payers
- BABCOCK LAND LIMITED - 98.8/100
- RSM UK MANAGEMENT LIMITED - 98.1/100
- G4S LIMITED - 94.2/100
- ICTS UK LIMITED - 92.3/100
- NHS SHARED BUSINESS SERVICES LIMITED - 90.1/100
Worst Payers
- HIRE STATION LIMITED - 27.03/100
- RAPISCAN SYSTEMS LIMITED - 32.35/100
- BLAENAVON FORGINGS LIMITED - 33.5/100
- BANHAM PATENT LOCKS LIMITED - 37.9/100
- G4S SECURE SOLUTIONS (IRAQ) LIMITED - 39.9/100
Regional Patterns
The "Unknown" region's high average (87.6/100) might be skewed by the small sample size of only 3 companies. London and the South East, with the largest sample sizes (22 and 13 companies respectively), are near the sector average, which is a stronger indication of typical payment performance. It would be interesting to explore why Yorkshire and The Humber lags with an average of 53.5/100.
If you're experiencing late payments, use our late payment calculator to work out what you are owed.
Takeaway: While the sector boasts an average PaymentCheck Score of 65.6/100, 15.6 points above the national average, suppliers should be aware that payment practices within the sector vary widely, from Babcock Land's 98.8 to Hire Station's 27.03.
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