South East Payment Performance Dips Slightly: Average Score Falls From 69.4 to 67.3

The Comparison

Here's a snapshot of payment practices in South East England:

• 2021: 1000 companies surveyed, achieving an average payment score of 69.4 out of 100.
• 2022: 936 companies surveyed, with the average score declining to 67.3 out of 100.

The sample size has decreased by 64 companies, suggesting a shift in the business population or participation in the survey.

What This Means

The decline of 2.1 points in the average payment score, from 69.4 to 67.3, indicates a marginal deterioration in payment performance across the South East. While not a dramatic shift, the lower score alongside the reduced sample size suggests companies may be facing increased challenges in meeting payment obligations promptly. Are late payments impacting your business? Use our late payment calculator.

Overall, the data reveals that the average payment score in the South East decreased to 67.3 out of 100 in 2022, compared to 69.4 in 2021.