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Software Payment Practices Report 2022

•By PaymentCheck•Reports

UK Software Sector Shows Strong Payment Performance, But Laggards Remain

The Numbers

  • Companies analysed: 163
  • Average PaymentCheck Score: 74.3/100
  • UK average: 50.0/100
  • Difference between software sector average and UK average: 24.3 points
  • Number of companies with a perfect score (100/100): 2
  • Number of regions with data: 6

What Stands Out

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.

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 - 99.6/100
  5. FIRST SENTIER INVESTORS (UK) IM LIMITED - 98.8/100

Worst Payers

  1. ADVANCED 365 LIMITED - 22.5/100
  2. INFINIGATE GLOBAL SERVICES LIMITED - 31/100
  3. UNISYS LIMITED - 35.85/100
  4. GAIN CAPITAL UK LIMITED - 36.8/100
  5. ZEBRA TECHNOLOGIES EUROPE LIMITED - 38.6/100

Regional Patterns

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.

If you're consistently getting paid late, use our late payment calculator to calculate interest and compensation.

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.