While the number of companies assessed increased slightly between 2023 and 2024, the overall improvement in payment performance is marginal. The 1.2-point increase suggests a very slow shift towards better payment behaviour in the South West, although the increase is relatively small. Businesses impacted by late payments can use a late payment calculator to understand the potential financial impact.
In 2024, 286 businesses in the South West had a payment score of 70.7 compared to 281 businesses with 69.5 in 2023.