While the average payment performance score increased, the change of 2 points is marginal, suggesting a modest improvement in payment practices amongst the surveyed companies in Wales. The reduction in the number of companies included in the sample between the two years could introduce a skew in the results, depending on the sector or size of the removed companies. Businesses struggling with late payments can use tools like this late payment calculator to understand potential financial impacts.
One-line summary: In 2022, Welsh companies averaged 64.8/100 on payment performance, up from 62.8/100 across a different sample in 2021.