Physical Fitness Coaching and Training

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The Physical fitness coaching and training sector in the UK demonstrates concerning payment practices based on the available data. With only two companies reported, it is important to note that the sample size is small and the results might not be representative of the entire sector. However, the average payment time currently stands at 52.5 days, which is significantly longer than the commonly accepted 30-day payment term and suggests potential issues with payment efficiency. The percentage of invoices paid within 30 days is 65%, meaning a substantial portion of suppliers are not paid promptly. Adding to the concern is the high late payment rate of 47%, indicating that nearly half of all payments are made beyond agreed-upon terms.

Compared to other sectors in the UK, these figures suggest potentially slower payment times. While average payment times vary greatly across industries, sectors known for prompt payment often see averages closer to 30 days, with some industries even targeting shorter terms. The relatively low percentage paid within 30 days and high late payment rate in the Physical fitness coaching and training sector point towards a need for suppliers to exercise caution and carefully manage their credit risk when dealing with companies in this sector. Suppliers should be aware of the potential for delayed payments and the need for robust credit control procedures.

Based on this data, suppliers operating in this sector should be prepared for longer payment cycles than might be typical in other industries. Robust credit checks and vigilant monitoring of debtor balances are highly advised. Suppliers should prioritise clear communication and meticulously defined payment terms with their clients in this sector.

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