Robots and Automation

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The Robots and Automation sector in the UK demonstrates an average payment time of 40.43 days, suggesting a reasonably prompt, though not exemplary, payment behaviour compared to immediate settlement. Just over half (53.71%) of invoices are settled within the standard 30-day timeframe. However, a late payment rate of 15.86% indicates a significant minority of invoices are paid beyond agreed terms, potentially impacting suppliers. This suggests that while many companies in the sector adhere to reasonable payment schedules, a considerable portion exhibit payment delays.

It's difficult to definitively place this sector's performance without direct comparative data for all other UK sectors. However, a 40.43-day average payment time is likely slightly above the overall UK average across all industries, which often hovers around 30-35 days. The 15.86% late payment rate also raises concern. This behaviour suggests that companies in this sector may be prioritising their own cash flow over timely payments to suppliers. Suppliers should be aware that while the majority of invoices are paid within a month, a notable percentage will be subject to delayed payment.

Therefore, suppliers operating within this sector should be prepared for potential delays and actively manage their own cash flow accordingly. They should understand that there is potential variability in payment schedules, and some customers may consistently pay later than expected. Due diligence, including credit checks and understanding a client’s payment history, is highly advisable before extending credit.

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