UK Travel & Transportation Payment Performance: Wide Gap Between Leaders and Laggards

The Numbers

• Companies Analysed: 100
• Average PaymentCheck Score (Travel & Transportation): 73.0/100
• UK Average PaymentCheck Score (All Sectors): 50.0/100
• Travel & Transportation Average Above UK Average: 23.0 points

What Stands Out

The Travel & Transportation sector, with an average PaymentCheck score of 73.0, significantly outperforms the UK average of 50.0, suggesting generally healthier payment practices. However, the presence of companies with scores as low as 18.4 indicates a considerable disparity within the sector, pointing to pockets of severe late payment issues.

Best Payers

1. HILTON WORLDWIDE MANAGE LIMITED - 100/100
2. HILTON UK MANAGE LIMITED - 100/100
3. CINCH FLEETCO LIMITED - 100/100
4. LOTUS INTERNATIONAL LIMITED - 100/100
5. HAYS TRAVEL LIMITED - 99.67/100

Worst Payers

1. FEDERALMOGUL FRICTION PRODUCTS LIMITED - 18.4/100
2. EATON ELECTRIC LIMITED - 25.1/100
3. MCLAREN SERVICES LIMITED - 36.8/100
4. SPIRIT AEROSYSTEMS (EUROPE) LIMITED - 41.15/100
5. ROTALA LIMITED - 43.8/100

Regional Patterns

Regional data is dominated by "unknown" region with an average of 85.4, but is only based on 1 company which makes the data unreliable. London, with 25 companies and an average of 77.9, had the next highest average of companies with more than one surveyed. This suggests London-based travel and transportation companies generally maintain relatively better payment records than those in other areas like the South East, which has an average of 73.1 based on 18 companies.

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Takeaway

Despite the Travel & Transportation sector averaging 23 points above the UK average, FederalMogul Friction Products Limited’s PaymentCheck score of just 18.4 highlights that some suppliers face significant late payment risk.