UK Waterways Travel Payments: Sector Swims Above Average, But Big Divides Remain

The Numbers

• Companies analysed: 16
• Average PaymentCheck Score: 66.5/100
• UK average PaymentCheck Score: 50.0/100
• Waterways Travel average above UK average: 16.5 points
• Highest PaymentCheck Score: 97.5/100 (BAE SYSTEMS MARINE LIMITED)
• Lowest PaymentCheck Score: 24.6/100 (PRINCESS YACHTS LIMITED)

What Stands Out

The UK Waterways Travel sector exhibits a significantly better payment performance than the UK average, according to this data. However, the range of scores – a chasm of nearly 73 points between the best and worst payers – highlights a stark contrast in payment practices across the industry.

Best Payers

1. BAE SYSTEMS MARINE LIMITED - 97.5/100
2. LONDON RIVER SERVICES LIMITED - 92.3/100
3. SAGA CRUISES LIMITED - 91.37/100
4. ARGO NAUTICAL LIMITED - 85.1/100
5. CALMAC FERRIES LIMITED - 84.8/100

Worst Payers

1. PRINCESS YACHTS LIMITED - 24.6/100
2. MSC CRUISE MANAGEMENT (UK) LIMITED - 34.7/100
3. OCEANEERING INTERNATIONAL SERVICES LIMITED - 37.2/100
4. PENDENNIS SHIPYARD LIMITED - 53.85/100
5. TARMAC MARINE LIMITED - 54.2/100

Regional Patterns

The South East, represented by BAE SYSTEMS MARINE LIMITED, shows the highest regional average with a score of 97.5, skewing the averages due to being a single company. Scotland, with three companies and an average of 74.2, indicates a generally positive, though less stellar, payment performance in that region.

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Takeaway

While the Waterways Travel sector's average of 66.5 outpaces the UK's 50, PRINCESS YACHTS LIMITED's score of 24.6 demonstrates some companies within the sector are significantly underperforming when it comes to paying suppliers on time.