Industry ranking
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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Bespak Europe Limited is registered at the King's Lynn site within the Bespak group, a specialist contract development and manufacturing organisation for inhaled and nasal drug delivery. The wider Bespak group designs, develops and manufactures pressurised metered dose inhalers, dry powder inhalers, soft mist inhalers, nasal delivery devices, valves, actuators and dose counters, supporting partners from formulation and device development through regulatory approval to commercial-scale manufacture. King's Lynn is described as the group's site for components and devices, while Holmes Chapel serves as headquarters and finished product manufacturing. Bespak is also a registered trademark of Bespak Europe Limited. The group states it is investing in low global-warming-potential propellant manufacturing.
Generated from the company's website and Companies House records. Sources: bespak.com · bespak.com