Mobile and Temporary Accommodation

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The Mobile and Temporary Accommodation sector, represented by a limited sample of two companies, exhibits concerning payment practices. The average payment time stands at 41.5 days, indicating a significant delay compared to the generally accepted norm of 30 days across many UK sectors. Furthermore, only 37.5% of invoices are settled within the 30-day window, suggesting a prevalent culture of delayed payments within this specific industry niche. Exacerbating this issue is a high late payment rate of 80.5%. This means that a significant majority of invoices are paid beyond their agreed terms, creating potential cashflow bottlenecks for suppliers.

While direct comparative data across all UK sectors is limited without more granular analysis, anecdotal evidence suggests this performance is notably worse than sectors prioritising timely payments, like retail or fast-moving consumer goods. The data indicates a trend towards extended payment cycles and a high propensity for late settlements, which suppliers should be acutely aware of. Suppliers need to proactively manage their credit risk exposure and potentially negotiate more favourable payment terms to mitigate the impact of these prevalent delays.

For suppliers working within or considering working with businesses in this sector, caution and due diligence are paramount. Understanding these payment trends is crucial for managing expectations and implementing strategies to safeguard financial stability.

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