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Safety And Security Payment Practices Report 2022

•By PaymentCheck•Reports

UK Safety & Security Sector Payments Beat the Average, But Wide Disparities Persist

The Numbers

  • 44 companies analyzed.
  • Average PaymentCheck Score for the sector: 67.3/100.
  • UK national average PaymentCheck Score: 50.0/100.
  • Safety & Security sector average is 17.3 points above the UK average.
  • Top Payer Score: 98.43/100 (RSM UK MANAGEMENT LIMITED).
  • Lowest Payer Score: 29.55/100 (HIRE STATION LIMITED).

What Stands Out

The Safety & Security sector's average payment performance is considerably stronger than the UK norm, suggesting a degree of financial stability or a prioritisation of supplier relationships. However, the nearly 70-point spread between the best and worst payers shows that payment practices are far from uniform, indicating considerable variation within the sector. That's a big difference.

Best Payers

  1. RSM UK MANAGEMENT LIMITED - 98.43/100
  2. CAPITA SECURE INFORMATION SOLUTIONS LIMITED - 97.4/100
  3. BABCOCK LAND DEFENCE LIMITED - 96.45/100
  4. ASCENT FLIGHT TRAINING (MANAGEMENT) LIMITED - 95.1/100
  5. SECURE METERS (UK) LIMITED - 89.1/100

Worst Payers

  1. HIRE STATION LIMITED - 29.55/100
  2. BLAENAVON FORGINGS LIMITED - 39.93/100
  3. GENERAL DYNAMICS UNITED KINGDOM LIMITED - 40.2/100
  4. RUBIX U.K. LIMITED - 40.65/100
  5. DRAEGER SAFETY UK LTD - 43.4/100

Regional Patterns

Regionally, "Unknown" (limited to 3 companies) leads with an average PaymentCheck Score of 82.5, while London (18 companies) follows closely with 72.9. The South West, based on data from just one company, shows the lowest regional average at 60.0. The disparity in sample sizes makes direct regional comparisons tentative, although the East of England (3 companies), at 81.2, also appears to have a stronger payment record.

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One-line takeaway

Despite a sector average 17.3 points higher than the UK benchmark, suppliers should be wary of companies like HIRE STATION LIMITED dragging the sector down with a score of only 29.55/100.