Wales Payment Trends: 2020 vs 2021
Welsh Payment Performance Dips Slightly: Average Score Falls From 63.6 to 62.8
The Comparison
Here's a year-on-year breakdown of payment practices in Wales:
- Number of Companies Assessed: 2020: 87; 2021: 96
- Average Payment Score: 2020: 63.6/100; 2021: 62.8/100
What This Means
While the number of companies assessed increased from 87 to 96, the average payment score experienced a slight decline. A drop of 0.8 points suggests a marginal weakening in payment performance across Welsh businesses, despite wider participation in the study. Businesses facing payment delays can use resources like this late payment calculator to understand potential financial implications.
In 2021, Welsh companies averaged 62.8 out of 100, down from 63.6 in 2020.
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