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

SILCHESTER CONTINUATION LIMITED - 100/100
EXPERIAN TECHNOLOGY LIMITED - 100/100
CLICK TRAVEL LTD - 99.8/100
RBS INVOICE FINANCE LIMITED - 98.93/100
XTX MARKETS TECHNOLOGIES LIMITED - 98.8/100

Worst Payers

ELQ INVESTORS VIII LTD - 25.03/100
INFINIGATE GLOBAL SERVICES LIMITED - 27.74/100
S&P GLOBAL UK LIMITED - 29.33/100
S&P GLOBAL RATINGS UK LIMITED - 29.5/100
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.