Yorkshire and The Humber Payment Trends: 2021 vs 2022
Payment Practices in Yorkshire and The Humber See Slight Improvement: Average Score Rises to 63.7
The Comparison: 2021 vs 2022
Here's a side-by-side comparison of payment practices in Yorkshire and The Humber based on our data:
- 2021: Assessed data from 352 companies in the region. The average payment score was 62.2 out of 100.
- 2022: Assessed data from 333 companies. The average payment score edged up to 63.7 out of 100.
What This Means
The 1.5-point increase in average payment score from 2021 to 2022 represents a marginal improvement in payment behaviour across the region. While there's a slight positive shift, the change is small, indicating consistent but not dramatically enhanced payment discipline among businesses in Yorkshire and The Humber during this period.
Small businesses struggling with late payments can use this late payment calculator to better understand the potential impact.
In 2022, with 333 companies examined, the average payment score stood at 63.7 compared to 62.2 from 352 companies in 2021.
