While the number of companies analysed saw a minor decrease, the average payment performance score in the West Midlands showed a marginal improvement. A shift of 1.5 points indicates a slight positive trend in payment behaviours, but it's important to acknowledge that this change is not substantial. You can use this late payment calculator to understand the impact of slow payments on your bottom line.
One-line summary: The average payment score in the West Midlands increased from 61.2 (407 companies) in 2022 to 62.8 (395 companies) in 2023.