Midas Construction Limited payment practices report
PennyFetch rating based on government data:
Good payerCompanies House no. 01240442
This rating is PennyFetch’s own assessment derived from data self-reported by Midas Construction Limited to the UK government.
This company’s most recent filing is from Nov 2021. The data may not reflect their current payment practices. Companies can improve or change their payment behaviour between reporting periods.
Avg. days to pay
58
UK median: 32
Outside agreed terms
4%
UK average: 24%
Trend
Getting slower
9 reports filed
Payment terms
28 to 63 days
Standard terms
Invoice payment breakdown
How Midas Construction Limited compares
Midas Construction Limited takes an average of 58 days to pay its suppliers, which is 26 days slower than the UK median of 32 days across 9,336 reporting companies. 4% of their invoices fall outside the agreed payment terms, compared to a national average of 24%. Their payment speed has been getting worse over time based on historical filings.
The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms (28 to 63 days), not against a fixed 30-day standard. A company with long payment terms can still be rated “Good payer” if it consistently meets those terms.
Payment history
| Period | Avg. days | % outside terms | % in 30d | % over 60d |
|---|---|---|---|---|
| May 2021 to Oct 2021 | 58 | 4% | 19% | 27% |
| Nov 2020 to Apr 2021 | 58 | 2% | 20% | 29% |
| May 2020 to Oct 2020 | 66 | 9% | 12% | 44% |
| Nov 2019 to Apr 2020 | 57 | 10% | 19% | 29% |
| May 2019 to Oct 2019 | 54 | 3% | 18% | 25% |
| Nov 2018 to Apr 2019 | 50 | 2% | 22% | 19% |
| May 2018 to Oct 2018 | 49 | 5% | 15% | 19% |
| Nov 2017 to Apr 2018 | 45 | 14% | 24% | 15% |
| May 2017 to Oct 2017 | 48 | 20% | 27% | 18% |
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All payment statistics on this page are self-reported by Midas Construction Limited to the UK Government Payment Practices Reporting service . The government publishes this data but does not independently verify the figures. Published under the Open Government Licence v3.0.
Most recent report filed: Nov 2021. The rating labels on this page (e.g. “Good payer”, “Often outside terms”) are PennyFetch’s own classifications based on the reported data. They are not government ratings. This page is for informational purposes and does not constitute legal or financial advice.
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