While 91% of payments from NELIPAK HEALTHCARE PACKAGING LIMITED are made within 30 days, the average payment time of 40 days indicates a consistent pattern of some invoices extending beyond standard net-30 terms. This trend suggests that suppliers should anticipate a portion of payments taking longer than a month, with 9% falling into the 31-60+ day bracket. The trajectory points towards a reliable albeit slightly extended payment cycle on average.
The 30% late payment rate significantly impacts reliability and predictability, as one in three invoices will not be paid by its due date. Furthermore, 5% of payments extending beyond 60 days introduces a specific risk of prolonged outstanding balances. This volatility necessitates caution for suppliers relying on strict payment schedules.
NELIPAK HEALTHCARE PACKAGING LIMITED generally pays 91% of invoices promptly within 30 days, which is a strong positive for liquidity. However, the substantial 30% late payment rate and 5% over 60 days present a notable risk for consistent cash flow management for suppliers. Suppliers should consider negotiating clear payment terms, potentially requiring earlier payment for higher-value orders, and closely monitoring outstanding invoices to mitigate these identified 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 2021 - 30 Jun 2021 | 28 Jul 2021 | 40 | 91% | 4% | 5% | 30% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Mar 2021 | 38 | 86% | 8% | 6% | 49% |
| 01 Jan 2020 - 30 Jun 2020 | 09 Jul 2020 | 43 | 34% | 41% | 25% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 09 Jul 2020 | 48 | 27% | 48% | 25% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 44 | 41% | 44% | 15% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 02 May 2019 | 42 | 35% | 50% | 14% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 Days due net
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
70
Dispute resolution process: Disputes with suppliers would relate to an invoice/credit note preventing payment being made. Relevant colleague will contact supplier via email/telephone, notifying of the issues and resolve the dispute. This would result in a credit note or revised invoice which will allow payment to be made either within the terms or in the next BACS run following resolution.
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
Nelipak Healthcare Packaging Limited is registered in Londonderry, Northern Ireland, and operates one of the manufacturing sites within the global Nelipak group. The wider group designs and manufactures custom healthcare packaging, including rigid thermoformed and flexible packaging, for medical device and pharmaceutical customers worldwide, offering cleanroom manufacturing, sterilisation, validation, design and prototyping services. The Derry site joined the group in 2019 as part of a flexible healthcare packaging acquisition. Nelipak overall runs 14 manufacturing sites and employs over 1,600 people, serving the healthcare and life sciences industries. The Londonderry entity's own role is that of a UK manufacturing facility contributing to this group's packaging production and supply for medical and pharmaceutical products.
Generated from the company's website and Companies House records. Sources: nelipak.com · nelipak.com