Safety & Security Payment Performance: Virtually Static Growth From 2020 to 2021 (65.6 vs 65.9)

The Comparison

• 2020: 51 Safety & Security companies were assessed, achieving an average payment performance score of 65.6 out of 100.
• 2021: 57 companies were assessed, yielding an average payment performance score of 65.9 out of 100. This represents an increase in sample size from 2020.

What This Means

While the industry saw a slight improvement in payment performance between 2020 and 2021, the 0.3-point increase suggests near-stagnant progress despite the larger sample size in 2021; this indicates that external factors may have prevented significant change. A score around 65 indicates there may be opportunities to improve in this industry. If you are in this industry, and your business is suffering from late payments, then you can use our late payment calculator to calculate interest and compensation.

Summary: Safety & Security companies' average payment performance improved by only 0.3 points, from 65.6 in 2020 to 65.9 in 2021.