While Yorkshire & The Humber's average payment performance beats the UK average by a significant margin, the difference between the best and worst payers highlights substantial inconsistency within the region. The fact that firms can achieve perfect scores suggests late payment issues aren't necessarily inevitable.
These companies earned a near-perfect score for their payment practices:
The consistency of these top performers suggests strong internal processes and a commitment to fair supplier relationships.
These companies are letting the region down with significantly under-par payment practices:
The poor payment performance of these companies can negatively impact their suppliers, especially smaller businesses that are more vulnerable to cash flow problems. Use a late payment calculator to see the impact of this on your business.
The sector breakdown highlights substantial variation, although the extremely limited sample size means the results should be viewed with caution:
Financial services appear to be a leading sector, with an average score substantially higher than the overall regional average.
The outlier sector, Lifestyle and Entertainment, is only based on data from one company, and therefore tells us very little about the sector as a whole.
Despite Yorkshire & The Humber's average PaymentCheck score of 62.2/100 sitting 12.2 points above the UK average, the existence of companies scoring below 21/100 demonstrates that significant improvement is needed to ensure fair payment practices across the region.
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