Yorkshire & The Humber: Payment Performance Inches Upward, 2023 Sees Marginal Improvement

A new analysis reveals a slight overall improvement in payment practices across Yorkshire and The Humber, with an average score of 64.6 out of 100 in 2023 compared to 63.7 in 2022. This represents a fractional increase of 0.9 points, based on data collected from 330 companies compared to 333 the previous year.

The Comparison

• 2022: 333 companies assessed, resulting in an average payment performance score of 63.7/100.
• 2023: 330 companies assessed, showing an average payment performance score of 64.6/100.

What This Means

While the number of companies assessed remained relatively stable, the 0.9-point increase indicates a modest positive shift in payment behaviour across the region. However, this is a marginal change; there's no indication of a significant alteration to payment timelines or immediate cash flow benefits for Yorkshire and The Humber businesses. Before chasing overdue payments, assess late payment interest using a late payment calculator to see if you're owed any interest.

In summary: Yorkshire and The Humber saw payment performance rise a touch from 63.7/100 (333 firms) in 2022, to 64.6/100 (330 firms) in 2023.