Yorkshire and The Humber Payment Trends: 2020 vs 2021
Payment Performance in Yorkshire & The Humber: Slight Improvement in 2021, Up 1.6 Points
The Comparison
- 2020: A sample of 327 companies in Yorkshire & The Humber yielded an average payment performance score of 60.6 out of 100.
- 2021: The average score for 352 companies in the region rose marginally to 62.2 out of 100.
What This Means
While the sample size increased in 2021, the improvement in payment performance, reflected by a 1.6 point increase in the average score, is a relatively small change. This suggests that payment practices in the region remained largely consistent between the two years, with only a slight uptick in efficiency or willingness to pay on time. Companies struggling with late payments can use this late payment calculator to understand the potential financial impact.
In one line: Yorkshire & The Humber saw a slight rise from an average payment score of 60.6 in 2020 to 62.2 in 2021.
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