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Yorkshire and The Humber Payment Practices Report 2024

•By PaymentCheck•Reports

Yorkshire & Humber Payment Practices: A Mixed Bag Despite Solid Average

The Numbers

  • Companies analysed: 311
  • Average PaymentCheck Score: 65.8/100
  • UK average: 50.0/100
  • Difference above UK Average: +15.8 points
  • Top PaymentCheck Score: 100/100 (multiple companies)
  • Lowest PaymentCheck Score: 8.15/100

What Stands Out

Yorkshire and The Humber significantly outstrips the UK average for payment practices, suggesting a generally healthier business environment, but the spread of scores between the best and worst payers is worryingly wide, indicating significant inconsistencies. A few sectors are showing signs of payment excellence.

Best Payers

The top payers demonstrate exemplary performance: CNR INTERNATIONAL (U.K.) DEVELOPMENTS LIMITED, COVEA INSURANCE PLC, and LYNN WIND FARM LIMITED all scored a perfect 100/100, setting a high benchmark. ENGIE POWER LIMITED (99.8/100) and MOTT MACDONALD BENTLEY LTD (99.7/100) closely follow, indicating that large organisations with structured finance departments are getting it right in the region.

Worst Payers

At the other end of the spectrum, ASD LIMITED's score of 8.15/100 is cause for concern. APLEONA UK LIMITED (11.6/100), NORTON HEALTHCARE LIMITED (14.15/100), STOELZLE FLACONNAGE LIMITED (18/100), and CIRCUIT LAUNDERETTE SERVICES LTD. (18.93/100) also lag far behind, suggesting potential cash flow problems or inefficient payment processes that could be impacting their suppliers.

Sector Breakdown

While most sector data is based on limited sample sizes, there are some high scoring ones. Digital Entertainment, with an average of 86.9 (albeit based on only one company), and Events and Venues & Mental Health and Psychology, both averaging 85.2 across a few companies, suggest these sectors in Yorkshire and The Humber are prioritizing prompt payments. Care Services (84.3 avg - 9 companies) and Marketing and Sales (83.6 avg - 3 companies) are not far behind, but the sample size variation makes any firm conclusions difficult.

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While the region boasts an average PaymentCheck Score 15.8 points above the UK average, the stark contrast between top and bottom payers – a 91.85-point difference – underscores the uneven playing field for businesses in Yorkshire and The Humber.