UK Software Sector Blows Away National Average on Payment Practices

The Numbers

Companies Analysed: 153
Average PaymentCheck Score: 77.2/100
UK Average (all sectors): 50.0/100
Software Sector Advantage: 27.2 points above UK average
Top 5 Payers average score: 100/100
Bottom 5 Payers average score: 30.38/100
East Midlands average: 100.0 (1 company)
North East average: 97.8 (1 company)
Wales average: 97.8 (1 company)
Scotland average: 95.7 (3 companies)
Northern Ireland average: 90.3 (4 companies)

What Stands Out

The UK software sector's average PaymentCheck Score of 77.2 significantly outstrips the national average of 50, suggesting a strong commitment to timely payments within the industry. However, the extreme difference between the top and bottom payers indicates a stark disparity in payment culture across different software companies.

Best Payers

MAREX SPECTRON INTERNATIONAL LIMITED - 100/100
RBS INVOICE FINANCE LIMITED - 100/100
SILCHESTER CONTINUATION LIMITED - 100/100
FIRST SENTIER INVESTORS (UK) IM LIMITED - 100/100
EXPERIAN TECHNOLOGY LIMITED - 100/100

Worst Payers

RM EDUCATIONAL RESOURCES LTD - 20.6/100
THE FINANCIAL TIMES (M-M UK) LIMITED - 30/100
AGILISYS LIMITED - 30.6/100
UNISYS LIMITED - 34.2/100
GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED - 36.11/100

Regional Patterns

While East Midlands, North East, Wales, Scotland and Northern Ireland show higher regional averages, the limited number of companies analysed in these regions (between 1 and 4) means the figures lack statistical significance for wider conclusions.

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The software sector's average payment score of 77.2 suggests that while many businesses are prompt payers, the presence of companies averaging a score of just 30.38 at the bottom reveals a potential risk for smaller suppliers.