While Welsh companies collectively exhibit better payment practices than the UK average, the significant disparity between top and bottom performers suggests a two-tiered system. It's also evident that specific, specialized sectors show promise, although data quantity remains a limitation to accurate assessment.
The top five companies in Wales demonstrate exceptional payment performance, significantly exceeding the average. These businesses are:
The bottom five companies display concerning payment behaviours, highlighting a need for improvement and greater financial responsibility to their suppliers:
Sector data is limited by low company numbers, but early signs are promising. Software recorded an average of 98.1/100 (1 company). Marketing and Sales followed with 94.8/100 (1 company). Sports achieved 93.0/100 (1 company). Education sat at 91.4/100 (1 company), and Data registered 91.1/100 (1 company). Further research is needed to establish conclusive trends.
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Despite Wales' average PaymentCheck score of 63.9 being substantially higher than the UK average of 50, the worst payer, Federalmogul Friction Products Limited, scored a mere 18.4, revealing a stark contrast within the region's payment culture.
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