Yorkshire and The Humber significantly outperforms the UK average in payment practices, suggesting a stronger payment culture. However, the wide gulf between the best and worst payers indicates inconsistencies within the region. A free late payment calculator can help businesses manage cash flow effectively when dealing with slow payers.
The top five companies, boasting near-perfect scores, set a high bar for payment efficiency:
These entities, spanning energy, finance and education, prove excellent payment is possible across different industries.
At the other end of the spectrum, these companies demonstrate serious payment issues:
Scores below 25/100 are severe and suggest potential financial distress, poor management, or deliberate exploitation of suppliers.
Sector averages reveal pockets of excellence:
Financial Services leads the way, with the highest number of companies performing very well. The small sample sizes for Media, Data and Digital Entertainment makes any conclusions difficult. Education sector performs well, given the large number of companies sampled.
While Yorkshire & The Humber leads the UK with an average PaymentCheck score of 63.7/100, the presence of companies scoring below 7/100 highlights the uneven nature of payment practices in the region.
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