Scotland Payment Trends: 2021 vs 2022
Scottish Payment Practices: A Slight Uptick in 2022, Up 1.1 Points
The Comparison
Here's a snapshot of payment performance in Scotland, comparing 2021 and 2022:
- 2021: Analysed from a sample of 291 Scottish companies, the average payment performance score was 64.9 out of 100.
- 2022: The survey included 259 companies, revealing an average payment performance score of 66.0 out of 100.
What This Means
The increase of 1.1 points between 2021 and 2022 indicates a marginal improvement in payment practices across the sampled Scottish businesses. While any positive movement is welcome, the small magnitude suggests underlying challenges persist regarding timely payments. Delays can negatively impact cash flow and operational efficiency - find out how much late payments could be costing your business with this late payment calculator.
In 2022, Scottish companies managed, on average, a payment performance score of 66.0, a slight improvement from 64.9 in 2021.
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