Here's a snapshot of payment performance amongst Scottish companies in 2020 and 2021:
The data reveals a minor positive shift in payment behaviour, as the average score increase of 1.2 points between 2020 and 2021 suggests a very modest improvement in payment practices among Scottish businesses. This slight progress might be attributable to various factors, but the small margin indicates that the overall business environment remained largely unchanged in its approach to timely payments during this period. Use this late payment calculator to understand how much interest you could charge on a late invoice.
In summary: Across 291 companies, the average payment score in Scotland nudged upward from 63.7 in 2020 to 64.9 in 2021.
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The UK agriculture sector is significantly outperforming the UK average for payment practices, suggesting a degree of fi
The year-on-year decline of 0.1 points, while statistically insignificant, suggests a stagnation in payment performance
The UK air travel sector significantly outperforms the national average when it comes to payment practices, achieving a
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