Waterways Travel: Payment Performance Improves Slightly in 2024, Up 1.1 Points

The Comparison

• 2023: A total of 15 companies in the Waterways Travel sector were assessed, achieving an average payment performance score of 68.4 out of 100. This indicates a moderate level of efficiency in adhering to agreed payment terms across the sample group.
• 2024: The assessment included 14 companies, resulting in an average score of 69.5 out of 100. This suggests a marginal improvement in payment performance compared to the previous year.

What This Means

The 1.1 point increase signifies a very slight positive shift in payment behaviour within Waterways Travel, although its real-world impact may be negligible for individual suppliers. While any improvement is welcome, the small magnitude of change suggests external factors, such as broader economic conditions, likely exert a stronger influence on payment practices than internal industry efforts alone. Suppliers dealing with late invoices can use a late payment calculator to determine potential interest charges.

One-line summary: Waterways Travel payment performance saw a minimal increase, moving from 68.4 in 2023 to 69.5 in 2024.