UK Software Sector Leads the Way in Payment Practices, But Laggards Remain

The Numbers

• Companies analysed: 169
• Average PaymentCheck Score: 74.2/100
• UK average: 50.0/100 (Software is 24.2 points above)

What Stands Out

The UK software sector is, on average, significantly better at paying suppliers than the rest of the UK economy according to this data, achieving an average PaymentCheck Score of 74.2, compared to the national average of just 50. However, the presence of some very poor payers demonstrates that prompt payment is far from universal. Let's dive in.

Best Payers

1. SILCHESTER CONTINUATION LIMITED - 100/100
2. EXPERIAN TECHNOLOGY LIMITED - 100/100
3. CLICK TRAVEL LTD - 99.8/100
4. RBS INVOICE FINANCE LIMITED - 98.93/100
5. XTX MARKETS TECHNOLOGIES LIMITED - 98.8/100

Worst Payers

1. ELQ INVESTORS VIII LTD - 25.03/100
2. INFINIGATE GLOBAL SERVICES LIMITED - 27.74/100
3. S&P GLOBAL UK LIMITED - 29.33/100
4. S&P GLOBAL RATINGS UK LIMITED - 29.5/100
5. LONGSAND LIMITED - 32.4/100

Regional Patterns

Wales tops the regional rankings with an average score of 96.4, though this is based on just one company. The East Midlands, with two companies, follows with 94.1, with a drop to Northern Ireland's 87.5, suggesting some correlation with sample size. The regional spread isn't especially insightful with the low number of companies in many areas.

If you're struggling with slow payments, see our late payment calculator.

While the sector averages a strong 74.2, suppliers should be wary; a significant gap exists between the top payers, scoring near perfect marks, and bottom performers like ELQ Investors VIII LTD, whose score of just 25.03 reveals a substantial problem with late payments.