Data Aggregation

**

The Data Aggregation sector, comprising six companies, exhibits an average payment time of 33.33 days. This indicates a slight delay beyond the standard 30-day payment term frequently stipulated in commercial contracts. Furthermore, only 58.67% of invoices are settled within this 30-day window, highlighting a significant proportion of payments experiencing delays. Compounding this is a late payment rate of 16.33%, suggesting that a tangible percentage of suppliers are facing considerable payment delays, negatively impacting their cash flow. This performance situates the Data Aggregation sector as potentially less reliable in payment practices compared to certain other UK sectors that consistently adhere to stricter payment timelines.

Compared to sectors with high capital expenditure or complex supply chains, 33.33 days might be considered relatively acceptable. However, in the broader context of UK businesses striving for prompt payment, the Data Aggregation sector needs to improve. Suppliers should be aware of this payment behaviour when dealing with companies in this sector. Specifically, the relatively low percentage of invoices paid within 30 days and the non-negligible late payment rate mean that careful consideration should be given to payment terms and relationship management.

**