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Yorkshire and The Humber Payment Practices Report 2020

•By PaymentCheck•Reports

Yorkshire & Humber Businesses Outpace UK Average on Payments, But Wide Disparities Persist

The Numbers

  • Companies Analysed: 327
  • Average PaymentCheck Score: 60.6/100
  • UK Average PaymentCheck Score: 50.0/100
  • Difference between Yorkshire & Humber Average and UK Average: +10.6 points
  • Number of companies scoring 100/100: 3

What Stands Out

Yorkshire and The Humber clearly outperforms the national average when it comes to payment practices, however a huge spread between the best and worst payers indicates significant inconsistency. The top sector, Financial Services, scores almost 75 points higher than the worst performing companies.

Best Payers

Three companies achieved a perfect 100/100 PaymentCheck score: LYNN WIND FARM LIMITED, CNR INTERNATIONAL (U.K.) DEVELOPMENTS LIMITED, and COVEA INSURANCE PLC. Close behind, MARUBENI OIL & GAS (U.K.) LIMITED and JAMES MONTGOMERY ACADEMY TRUST each earned impressive scores of 99.4/100. These organisations seemingly prioritize prompt payments, setting a positive example for the region.

Worst Payers

At the other end of the spectrum, STOELZLE FLACONNAGE LIMITED recorded a remarkably low PaymentCheck score of just 10.6/100. PPG ARCHITECTURAL COATINGS UK LIMITED (13.6/100) and ARNOLD LAVER & COMPANY LIMITED (14.5/100) also performed poorly. SWIFT GROUP LIMITED and SWIFT ACQUISITIONS LIMITED shared an identical score of 14.7/100, suggesting potential systematic issues within the group. Suppliers dealing with these firms may benefit from using a late payment calculator to understand potential financial impacts.

Sector Breakdown

Financial Services leads the way with an average PaymentCheck score of 84.8 across 7 companies, indicating strong payment ethics within this sector. Mental Health And Psychology (81.8) and Digital Entertainment (78.4) also show good payment performance, although each only has a single company represented in the analysis. Education, with a larger sample size of 26 companies, lands at a respectable 78.1, while Information Technology (4 companies) reports an average of 77.4.

Takeaway: While Yorkshire & Humber's average PaymentCheck score of 60.6 exceeds the national average by 10.6 points, the gap of nearly 90 points between the best and worst individual company scores reveals significant payment practice inconsistencies.