The UK software sector's average PaymentCheck Score of 74.3 comfortably exceeds the UK average of 50, signalling relatively healthy payment practices. However, the significant spread between the best and worst payers – a 77.5-point difference between Silchester Continuation and Advanced 365 – suggests substantial variability within the sector.
The regional data is skewed because of the small sample sizes. The North East had an average PaymentCheck score of 97.3, which is impressive, but based on only one company. That said, of the regions with multiple data points, Scotland and the East Midlands both show an average of 91.0/100, suggesting a strong regional payment ethic in both.
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Takeaway: While the software sector's average PaymentCheck score of 74.3 is encouraging, the presence of companies like Advanced 365 Limited with a score as low as 22.5 highlights the need for continued scrutiny of payment practices within the industry.
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