South West Payment Trends: 2021 vs 2022
South West Payment Performance Dips Marginally: 2022 Sees Score Slip to 67.3
The Comparison
- 2021: 306 companies assessed, achieving an average payment score of 67.4 out of 100.
- 2022: 297 companies assessed, with the average payment score decreasing slightly to 67.3 out of 100.
- Change: Overall, there was a minimal decline of 0.1 points in the average payment score between the two years.
What This Means
The year-on-year change is very small and points to general consistency in payment practices within the South West region. A slight decline could be due to a number of factors, however without additional data it is impossible to say for sure if this represents a statistically significant dip. You can use our late payment calculator to check your risk.
One-Line Summary: Despite a slight dip, average payment performance in the South West remained broadly stable, with a score moving from 67.4 (out of 100) in 2021 to 67.3 in 2022.
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