BESPAK EUROPE LIMITED
Company Information
- Company Number
- 03515896
- Registered Address
- Bergen Way, North Lynn Industrial Estate, King's Lynn, Norfolk, England, PE30 2JJ
- Status
- Active
- Employee Count
- 816
- Turnover
- £195,009,000
- EBITDA
- £57,152,000
Additional Details
- Website
- https://bespak.com/
- Company Type
- Private limited Company
- Incorporated On
- 24 February 1998
- Nature of Business
- 21100 - Manufacture of basic pharmaceutical products72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Life Sciences And Medical Technology
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average payment time for BESPAK EUROPE LIMITED is 56 days, indicating a consistent trend of payments significantly exceeding standard 30-day terms. A large majority of payments fall outside 30 days, with 45% paid between 31-60 days and a substantial 38% paid over 60 days. This consistent pattern suggests that suppliers should anticipate extended payment cycles.
Volatility Analysis
BESPAK EUROPE LIMITED exhibits moderate payment predictability, as only 17% of invoices are settled within 30 days. The significant concentration of payments between 31-60 days (45%) and over 60 days (38%) indicates a high likelihood of extended cash conversion cycles for suppliers. Furthermore, the 24% late payment rate introduces a notable risk of payments exceeding agreed contractual terms, impacting reliable cash flow forecasting.
Summary Analysis
Suppliers engaging with BESPAK EUROPE LIMITED should prepare for consistently extended payment terms, with an average of 56 days, and adjust their financial planning accordingly. Given that 38% of payments exceed 60 days and 24% are officially late, it is crucial to establish clear credit limits and potentially negotiate for shorter payment terms or upfront deposits for larger orders. Implementing robust credit monitoring and potentially charging late fees could help mitigate the identified cash flow risks.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 16 Jul 2025 | 56 | 17% | 45% | 38% | 24% |
| 01 Jul 2024 - 31 Dec 2024 | 15 Jan 2025 | 53 | 19% | 48% | 33% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 54 | 19% | 46% | 35% | 10% |
| 01 Jul 2023 - 31 Dec 2023 | 15 Jan 2024 | 52 | 21% | 49% | 30% | 89% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 51 | 21% | 49% | 30% | 88% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 48 | 23% | 52% | 25% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 48 | 22% | 53% | 25% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Jan 2022 | 53 | 23% | 52% | 26% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 54 | 18% | 53% | 28% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 54 | 18% | 52% | 30% | 24% |
| 01 Nov 2019 - 30 Jun 2020 | 27 Jul 2020 | 52 | 23% | 51% | 26% | 24% |
| 01 May 2019 - 31 Oct 2019 | 25 Nov 2019 | 73 | 14% | 42% | 44% | 41% |
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 66 | 13% | 36% | 51% | 57% |
| 01 May 2018 - 31 Oct 2018 | 07 Nov 2018 | 64 | 15% | 44% | 41% | 44% |
| 01 Nov 2017 - 30 Apr 2018 | 02 May 2018 | 84 | 12% | 38% | 50% | 54% |
| 01 May 2017 - 31 Oct 2017 | 22 Nov 2017 | 56 | 20% | 55% | 25% | 31% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are paid from the end of month plus 45 days, however, specific terms are negotiated depending on the commercial situation.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
In the first instance disputes will be dealt with by the individuals responsible for the supply agreement, with support from the Head of Department and Finance. Failure to meet resolution will be escalated to the Head of Procurement.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
BESPAK EUROPE LIMITED operates as an active private limited company. The company functions under its registered name, suggesting a focus within the European market.
Registered as company number 03515896, BESPAK EUROPE LIMITED was incorporated on 24 February 1998. Its registered office is located at Bergen Way, North Lynn Industrial Estate, King's Lynn, Norfolk, England, PE30 2JJ, placing it within the East of England region.
In the UK market, a private limited company like BESPAK EUROPE LIMITED is established to conduct commercial operations. Such entities typically generate revenue by providing various services or manufacturing and selling products within their chosen industry.
