Welsh Payment Performance Dips Slightly: 2023 Average Falls to 63.9/100

The Comparison

Here's a side-by-side look at payment practices in Wales:

• Companies Analysed: 2022: 85 companies | 2023: 96 companies
• Average Payment Score: 2022: 64.8/100 | 2023: 63.9/100
• Change in Average Score: A decrease of 0.9 points year-over-year.

What This Means

The data indicates a minor downturn in payment performance across Welsh companies between 2022 and 2023. While the increase in participating companies provides a broader view, the average payment score decline, although marginal, suggests a softening in payment behaviours that could impact cash flow management for smaller businesses. late payment calculator

One-line summary: Welsh payment performance dipped slightly from 64.8/100 (85 companies) in 2022 to 63.9/100 (96 companies) in 2023.