While the UK Waterways Travel sector outperforms the national average by a significant 18.4 points, the disparity between the best and worst payers is stark, with a 69.13 point gap between BAE SYSTEMS MARINE and PRINCESS YACHTS. This suggests a two-tiered system where some companies prioritise timely payments while others struggle or simply don't make it a priority.
The South East and Scotland lead the way regionally, with average scores of 82.0 and 81.8 respectively, potentially indicating stronger financial health or a greater emphasis on prompt payments in those areas; but, crucially, they only contain 2 and 3 companies respectively which could skew those averages. London, with a larger sample size of 3 companies, sits in the middle at 70.0, so we can be more confident that reflects the reality of payment times in the area.
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The sector's average PaymentCheck score of 68.4 is respectable, but the bottom payer, PRINCESS YACHTS LIMITED, scoring only 28.37/100, highlights the need for greater consistency and improved payment practices across the board.
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