Here's a side-by-side comparison of payment practices in Yorkshire and The Humber based on our data:
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.