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Supply Chain Payment Practices Report 2022

•By PaymentCheck•Reports

UK Supply Chain Payment Practices: A Mixed Bag in 2022

The Numbers

  • Companies analysed: 68
  • Average PaymentCheck Score: 57.4/100
  • UK average (all sectors): 50.0/100
  • Supply Chain average above national average: 7.4 points
  • Top Payer Score: 98.7/100 (SECRET ESCAPES LIMITED)
  • Bottom Payer Score: 10.3/100 (EVIOSYS PACKAGING AEROSOLS UK LIMITED)

What Stands Out

While the UK supply chain sector shows a marginally better average payment performance than the national average, the extreme disparity between the best and worst payers – a chasm of 88.4 points – raises concerns about fairness and financial strain on smaller suppliers. The sector average of 57.4 isn't exactly cause for celebration, hinting that while better than the norm, there's still a considerable way to go to reach consistent, healthy payment practices.

Best Payers

  1. SECRET ESCAPES LIMITED - 98.7/100
  2. ANGEL LEASING COMPANY LIMITED - 96.4/100
  3. ALD AUTOMOTIVE LIMITED - 94.7/100
  4. ALGECO STORAGE LIMITED - 92.8/100
  5. TENNANTS DISTRIBUTION LIMITED - 91.1/100

Worst Payers

  1. EVIOSYS PACKAGING AEROSOLS UK LIMITED - 10.3/100
  2. EVIOSYS PROMOTIONAL PACKAGING UK LIMITED - 15/100
  3. TGA INDUSTRIES LIMITED - 24.8/100
  4. GKN AEROSPACE SERVICES LIMITED - 25.6/100
  5. ALPHA PARTNERS LEASING LIMITED - 30.3/100

Regional Patterns

Regional data's a bit thin on the ground, but London-based companies showed an average PaymentCheck Score of 69.8, substantially higher than the overall sector average, suggesting businesses in the capital may be more diligent about timely payments within the supply chain. It's worth noting that the "Unknown" region scored highest, at 85.6, but with only two companies represented, it's statistically insignificant. If you're struggling with late payments, here is a late payment calculator to see what you might be owed.

With a sector average of 57.4 versus Eviosys Packaging's dismal 10.3, some companies are lagging far behind, while others like Secret Escapes are hitting near-perfect scores, confirming 2022 was marked by payment practice inconsistency in the UK supply chain.