Zoos and Farm Attractions

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The payment performance of companies within the UK's zoos and farm attractions sector indicates some areas of concern. With an average payment time of 33.67 days, businesses in this sector are, on average, taking slightly longer to settle invoices than the standard 30-day term often expected. Furthermore, a concerningly low 45.67% of invoices are paid within this ideal 30-day window. This, coupled with a high late payment rate of 53.67%, suggests that a significant proportion of suppliers are experiencing delays in receiving payment. It's difficult to definitively compare this performance without broader UK sector averages at hand, but the high late payment rate hints at a potentially less robust payment culture than in some other industries.

The trends suggest a need for suppliers to be particularly vigilant when dealing with companies in this sector. The data highlights a clear pattern of delayed payments, potentially causing cashflow difficulties for smaller businesses supplying goods or services. Given the sector’s reliance on seasonal revenue and variable visitor numbers, payment delays may be exacerbated during off-peak periods. Suppliers should be acutely aware of the risk of late payments and proactively manage their credit exposure to minimise any adverse financial impact.

It is important for suppliers working with zoos and farm attractions to understand that although the average payment time is only just over 30 days, the actual range could be much wider, due to high late payment rates. This means that some businesses pay very quickly, and others may pay much later than the average, depending on their financial stability, payment processes and other factors.

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