Scottish Payment Practices: Marginal Improvement Seen in 2023 as Average Score Rises Slightly to 66.7

The Comparison

Here's a breakdown of Scottish payment performance based on the available data:

• Company Coverage: 2022 saw data from 259 companies analysed, while 2023 reflected payment behaviour from a larger sample of 273 companies, representing a wider perspective on payment practices.
• Average Payment Score: The average payment score in Scotland for 2022 was 66.0 out of 100, illustrating a reasonable but not exceptional level of payment efficiency.
• Average Payment Score: By 2023, the average score increased to 66.7 out of 100, demonstrating a slight positive shift in payment performance.
• Change: Overall, there was a 0.7-point improvement in the average payment score from 2022 to 2023, indicating a marginal uplift in payment performance across the sample set.

What This Means

The increase in the number of companies included in the 2023 data offers a broader view, however, the limited 0.7-point rise in the average score suggests that overall payment practices have only marginally improved in Scotland. While any positive movement is welcomed, this small change implies that fundamental payment challenges potentially persist for businesses. Struggling with late payments? Use this late payment calculator to assess the impact on your cashflow.

A slight improvement: from 66.0 (2022) to 66.7 (2023).