Scotland Payment Trends: 2023 vs 2024
Scottish Payment Practices: A Small Improvement Seen in 2024, Up 2.3 Points
The Comparison
- 2023: Analysis of 273 Scottish companies revealed an average payment performance score of 66.7 out of 100.
- 2024: Examining 271 companies, the average score increased to 69.0 out of 100.
What This Means
While the number of companies assessed decreased slightly between 2023 and 2024, the average payment performance score experienced a modest increase. A 2.3-point improvement suggests a marginal, though positive, shift in payment behavior among Scottish businesses, indicating potentially strengthened processes or a slightly improved economic climate impacting payment timelines. Businesses struggling with late payments can use a late payment calculator to calculate interest owed.
One-line summary: In 2024, the average payment performance of 271 Scottish companies reached 69.0/100, a 2.3-point gain from the 66.7/100 score registered by 273 companies in 2023.
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