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Supply Chain Payment Practices Report 2023

•By PaymentCheck•Reports

UK Supply Chain Payment Practices: Above Average, But Stark Disparities Remain

The Numbers

  • Companies analysed: 55
  • Average PaymentCheck Score: 60.4/100
  • UK average: 50.0/100 (Supply Chain is 10.4 points above)
  • Top Payer: DEREK RAPHAEL (HOLDINGS) LIMITED - 100/100
  • Bottom Payer: TRIVIUM PACKAGING UK LIMITED - 23.3/100

What Stands Out

The UK Supply Chain sector, based on this sample, is performing better than the national average when it comes to paying suppliers. However, the gap between the best and worst payers highlights significant inconsistency, suggesting that positive average figures are masking serious problems for some suppliers. The data also shows that companies paying within the UK average of 50.0/100 are causing problems to their suppliers that need addressing.

Best Payers

  1. DEREK RAPHAEL (HOLDINGS) LIMITED - 100/100
  2. ANGEL LEASING COMPANY LIMITED - 98/100
  3. WESSEX RETAIL LIMITED - 92.47/100
  4. RAIL FOR LONDON (INFRASTRUCTURE) LIMITED - 89.65/100
  5. FEDEX EXPRESS UK TRANSPORTATION LIMITED - 82.66/100

Worst Payers

  1. TRIVIUM PACKAGING UK LIMITED - 23.3/100
  2. TGA INDUSTRIES LIMITED - 24.8/100
  3. ALTRAD ENGINEERING SERVICES LIMITED - 31.3/100
  4. CAMMELL LAIRD SHIPREPAIRERS & SHIPBUILDERS LIMITED - 38.18/100
  5. ST CLEMENTS PRESS 1988 LIMITED - 38.2/100

Regional Patterns

The regional data is patchy, making definitive conclusions difficult. However, the South West shows a strong average of 82.5 across three companies, while Yorkshire and The Humber, with ten companies, sits closer to the overall sector average at 64.1. The "Unknown" region, with just two companies, has the highest average of 84.8, but its small sample size makes it a less reliable indicator.

Worried about late payments? Try our late payment calculator.

Takeaway: While the supply chain sector beats the UK average payment score by 10.4 points, the 76.7-point difference between the top and bottom payers means many suppliers are likely struggling with late payments.