South East Payment Performance Edges Up: 2023 Sees Marginal Improvement

The Comparison

Here's a snapshot of payment performance in the South East:

• Number of Companies Assessed: 2022: 936 companies; 2023: 954 companies
• Average Payment Score (out of 100): 2022: 67.3; 2023: 68.2

What This Means

The slight increase of 0.9 points in the average payment score from 2022 to 2023 represents a marginal, albeit positive, shift in payment behaviour across the South East. While the increase in assessed companies suggests a broadening dataset, the small score change implies that payment practices remain largely consistent year-on-year, with a need for more urgent improvement. Understanding late payment costs can be crucial, use this late payment calculator to assess the impact to your business.

2023 saw 954 companies averaging a 68.2/100 payment score compared to 936 averaging 67.3/100 in 2022.