Wales Payment Trends: 2022 vs 2023
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.
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