Emergency Services

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The Emergency Services sector, based on this sample of three companies, exhibits reasonably prompt payment practices. The average payment time of 23 days suggests that, on average, invoices are settled well within standard payment terms, typically 30 days. Furthermore, a substantial 81.67% of payments are made within the 30-day window, indicating a strong commitment to timely invoice settlement. However, the late payment rate of 15.67% reveals that a non-negligible portion of invoices experience delays.

Comparatively, it is difficult to benchmark this sector effectively without broader data on UK payment practices across all industries. However, generally speaking, average payment times across all sectors in the UK can fluctuate significantly. Suppliers should be aware that while the majority of Emergency Services companies appear to prioritise timely payment, a measurable risk of delayed payment exists. This warrants careful due diligence and proactive management of credit risk. It is crucial to establish clear payment terms upfront and maintain open communication with clients to mitigate potential delays.

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