Travel And Transportation Payment Practices Report 2024

By PaymentCheckReports

UK Travel & Transportation Sector Payment Performance: A Wide Divide

While the UK Travel and Transportation sector generally outperforms the national average on payment practices, a significant disparity exists between the best and worst payers.

The Numbers

  • Companies analysed: 91
  • Average PaymentCheck Score: 72.7/100
  • UK average PaymentCheck Score: 50.0/100 (Travel And Transportation is 22.7 points above)

What Stands Out

The sector's average PaymentCheck score of 72.7 is a solid 22.7 points above the UK average, suggesting a generally healthy payment culture. However, the presence of companies scoring near 30 demonstrates that punctual payments aren't guaranteed across the board.

Best Payers

  1. CINCH FLEETCO LIMITED - 100/100
  2. HILTON UK MANAGE LIMITED - 100/100
  3. HILTON WORLDWIDE MANAGE LIMITED - 100/100
  4. LOTUS INTERNATIONAL LIMITED - 100/100
  5. LOTUS TRAVEL LIMITED - 99.2/100

Worst Payers

  1. SPIRIT AEROSYSTEMS (EUROPE) LIMITED - 29.25/100
  2. EATON ELECTRIC LIMITED - 31/100
  3. SAI AUTOMOTIVE FRADLEY LTD - 31.05/100
  4. FAURECIA EMISSIONS CONTROL TECHNOLOGIES UK LIMITED - 35.75/100
  5. MCLAREN SERVICES LIMITED - 37.3/100

Regional Patterns

The regional data is underwhelming due to the small sample sizes, and so offers little in the way of actionable insight. For example, one company in both the "Unknown" and "West Midlands" regions averages payment scores of 92 and 89 respectively, but with only a single business represented in each area, this isn't significant. The East of England region has the most at 11 surveyed companies, averaging 78.5, but this isn't a clear outlier relative to the average.

If you are struggling to get invoices paid, try this late payment calculator.

Despite the strong average of 72.7, suppliers should be aware that payment performance in the UK Travel and Transportation sector can vary significantly, with scores ranging from a perfect 100 down to a concerning 29.25.