Travel And Transportation Payment Practices Report 2020
UK Travel Sector Payments Beat National Average, But Laggards Drag Down Overall Performance
The Numbers
- Companies analysed: 104
- Average PaymentCheck Score: 64.9/100
- UK average: 50.0/100
- Travel sector advantage: 14.9 points above the national average
- Top PaymentCheck score: 100/100 (HILTON UK MANAGE LIMITED and HILTON WORLDWIDE MANAGE LIMITED)
- Lowest PaymentCheck score: 10.7/100 (CONCERTO GROUP LIMITED)
What Stands Out
While the travel and transportation sector demonstrably outperforms the UK average in payment practices, the wide disparity between the best and worst payers is alarming. The fact that some companies are achieving perfect scores while others are languishing with scores below 20 suggests significant operational differences, or potentially deliberate payment strategies.
Best Payers
- HILTON UK MANAGE LIMITED - 100/100
- HILTON WORLDWIDE MANAGE LIMITED - 100/100
- HAYS TRAVEL LIMITED - 97.5/100
- BEACON RAIL FINANCE (EUROPE) LIMITED - 97/100
- INTERCONTINENTAL HOTELS GROUP SERVICES COMPANY - 96.4/100
Worst Payers
- CONCERTO GROUP LIMITED - 10.7/100
- GROVE T5 LIMITED - 18/100
- TUI UK LIMITED - 18.4/100
- EATON ELECTRIC LIMITED - 19.4/100
- HARDING BROTHERS RETAIL LIMITED - 25.8/100
Regional Patterns
The East Midlands, with an average score of 78.4 across six companies, leads the way in prompt payments within the sector, but the small sample size means the result has to be treated cautiously. Scotland comes in third with an average of 74 across 9 companies.
Calculate the cost of your late payments with this late payment calculator.
One-line takeaway: Despite the sector's 64.9 average PaymentCheck score exceeding the UK's 50, companies like CONCERTO GROUP LIMITED (10.7/100) demonstrate that significant late payment problems persist.