Scottish Payment Practices See Marginal Improvement: Average Score Rises to 64.9 in 2021

The Comparison

Here's a snapshot of payment performance amongst Scottish companies in 2020 and 2021:

• 2020: A study of 304 Scottish companies yielded an average payment score of 63.7 out of 100.
• 2021: The average score improved slightly to 64.9 out of 100, based on data from 291 companies.

What This Means

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.