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Safety And Security Payment Practices Report 2021

•By PaymentCheck•Reports

UK Safety and Security Sector Pays Suppliers Significantly Faster Than Average

The Numbers

  • Companies analysed: 57
  • Average PaymentCheck Score: 65.9/100
  • UK average PaymentCheck Score: 50.0/100
  • Difference between Safety and Security sector average and UK average: 15.9 points
  • Top PaymentCheck Score: 95.2/100 (BABCOCK LAND DEFENCE LIMITED)
  • Lowest PaymentCheck Score: 27.2/100 (HIRE STATION LIMITED)

What Stands Out

The Safety and Security sector demonstrates a considerably stronger commitment to timely payments compared to the UK average. The average score of 65.9/100 is a positive sign, indicating generally good payment practices within the industry.

Best Payers

  1. BABCOCK LAND DEFENCE LIMITED - 95.2/100
  2. RSM UK MANAGEMENT LIMITED - 94.77/100
  3. DARKTRACE HOLDINGS LIMITED - 92.1/100
  4. NHS SHARED BUSINESS SERVICES LIMITED - 89.1/100
  5. SECURE METERS (UK) LIMITED - 89.03/100

Worst Payers

  1. HIRE STATION LIMITED - 27.2/100
  2. RAPISCAN SYSTEMS LIMITED - 32.8/100
  3. RUBIX U.K. LIMITED - 37/100
  4. AXIS SECURITY SERVICES LIMITED - 39.2/100
  5. PROTEC FIRE DETECTION PUBLIC LIMITED COMPANY - 44.29/100

Regional Patterns

Regional payment performance is uneven, with companies based in 'Unknown' regions averaging a high score of 82.1, although this is based on only 3 companies, so it can't be seen as indicative. East of England, with an average of 78.3 (based on 5 companies), also scored well. London (68.4 across 24 companies) and the South East (66.1 across 15 companies) show scores close to the sector average. The South West lags significantly, with an average score of 58.0, calculated from only 2 companies.

Late payments can impact a business's cashflow, use our late payment calculator to understand the implications.

While the Safety and Security sector outstrips the UK average payment times, the range between the best and worst payers – a gap of 68 points between BABCOCK LAND DEFENCE LIMITED and HIRE STATION LIMITED – highlights the inconsistency that still exists in payment practices within the sector.