The South West’s average payment score of 67.3/100 trounces the UK average by a significant margin, suggesting a stronger payment culture in the region. While the top payers showcase near-perfect performance, the disparity with the bottom-ranked companies is concerning.
These companies are leading the way in prompt payments:
These companies need to improve their payment practices:
The Financial Services sector leads the way with an impressive 85.9/100 average, showcasing responsible payment habits. Other sectors with high scores include Human Resources with 85.7/100 and Education with 83.7/100, suggesting a common commitment to timely payments.
For suppliers facing late payments, check out this late payment calculator to understand your rights.
Takeaway: Although the South West outperforms the UK average by 17.3 points, the gap of 81.05 points between the highest and lowest paying companies shows a considerable inconsistency in payment practices across the region.
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