While the increase of 3.2 points represents a positive shift, it suggests only a marginal improvement in overall payment practices within the sector; further investigation would be required to understand whether this resulted in any practical difference for the companies, especially given that payment terms are not captured in the score. Companies struggling with late payments can estimate the potential impact using a late payment calculator to quantify losses.
Summary: In 2023, the safety and security sector saw a slight uptick, with average payment performance rising from 67.3 (out of 100) based on 44 companies in 2022 to 70.5 (out of 100) based on 51 companies.