The UK software sector, on average, pays its invoices significantly faster than the rest of the UK economy. But dig deeper and you'll find some companies are dragging the average down dramatically.
The gap between the best and worst payers is extreme, with some companies achieving perfect scores while others languish significantly below even the national average. That the average is so high shows there's no fundamental reason not to pay on time in this sector. If you're struggling with late payments, perhaps use our late payment calculator to work out what you could claim.
The regional data is perhaps too sparse to draw firm conclusions, but the East Midlands, with an average of 100.0 from a single company, tops the list. Scotland (99.0 across two firms) and the North East (98.2, one company) also show incredibly strong payment practices, while Northern Ireland's average of 89.9 across four businesses suggests a generally positive, though less exceptional, picture. The South West lags with 82.8 from three companies.
While the UK software sector boasts an average PaymentCheck score of 75.9/100, far exceeding the UK average of 50.0, the presence of companies like RM Educational Resources at 20.6/100 highlights a critical need for improvement and consistent adherence to fair payment practices across the board.
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