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Waterways Travel Payment Practices Report 2020

•By PaymentCheck•Reports

UK Waterways Travel Sails Smoothly on Payments Compared to National Average

The Numbers

  • Companies analysed: 16
  • Average PaymentCheck Score: 68.2/100
  • UK average PaymentCheck Score: 50.0/100
  • Difference between Waterways Travel average and UK average: 18.2 points
  • Highest PaymentCheck Score: 94.4/100 (BAE SYSTEMS MARINE LIMITED)
  • Lowest PaymentCheck Score: 28.15/100 (ISS GROUP HOLDINGS LIMITED)
  • Number of companies with scores above the UK average: 11
  • South East average PaymentCheck Score: 94.4/100 (1 company)

What Stands Out

The UK Waterways Travel sector, based on this dataset, shows markedly better payment performance than the UK average, outstripping it by a substantial 18.2 points. However, a wide range of scores, from a high of 94.4 to a low of 28.15, suggests significant inconsistencies in payment practices within the sector itself.

Best Payers

  1. BAE SYSTEMS MARINE LIMITED - 94.4/100
  2. LONDON RIVER SERVICES LIMITED - 92.8/100
  3. SAGA CRUISES LIMITED - 88.3/100
  4. THE MANCHESTER SHIP CANAL COMPANY LIMITED - 87.1/100
  5. THE MERSEY DOCKS AND HARBOUR COMPANY LIMITED - 84.6/100

Worst Payers

  1. ISS GROUP HOLDINGS LIMITED - 28.15/100
  2. SUNSEEKER INTERNATIONAL LIMITED - 29.35/100
  3. TARMAC MARINE LIMITED - 39/100
  4. OCEANEERING INTERNATIONAL SERVICES LIMITED - 44/100
  5. PENDENNIS SHIPYARD LIMITED - 51.8/100

Regional Patterns

While the limited data by region makes broad conclusions difficult, the South East's perfect average of 94.4, based on a single company (BAE SYSTEMS MARINE LIMITED) highlights the potential for punctual payments, while the West Midland’s average of 61.5 across two companies suggests there's room for improvement in some areas. Scotland's average of 75.9 across four companies provides a slightly more reliable regional indicator, sitting comfortably above the national average, but significantly below the top payers.

If you're dealing with late invoices, use our late payment calculator to understand the potential impact.

The considerable 66.25-point difference between the best and worst payers reveals a stark divide in payment culture within the Waterways Travel sector.