Waterways Travel Payment Practices Stagnant: 16 Firms Rated 66.5/100 in 2021 vs. 15 Firms Rated 66.5/100 in 2022

The Comparison

• 2021: A total of 16 companies were assessed for their payment practices.
• 2021: The average payment score across these companies was 66.5 out of 100.
• 2022: The assessment covered a slightly smaller group, with 15 companies evaluated.
• 2022: Despite the change in sample size, the average payment score remained constant at 66.5 out of 100.
• Change: This represents a negligible decline of 0.0 points in the average payment score between the two years.

What This Means

The stability in average payment scores suggests a sector that isn't actively improving its payment behaviour, nor demonstrably worsening it. While the sample size decreased slightly, the consistent average indicates that the payment norms within the reviewed segment of the Waterways Travel sector have remained virtually unchanged across the two years. Businesses struggling with late payments can use a late payment calculator to understand the financial implications.

One-line summary: The Waterways Travel sector saw virtually no change in payment practices between 2021 and 2022, with average scores of 66.5/100 from 16 firms in 2021 and 66.5/100 from 15 firms in 2022.