Here's a snapshot of payment performance in Scotland, comparing 2021 and 2022:
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.