MIDGARD LTD

PaymentCheck Score 2025
46Poor
11.8vs last year
#3849 in UK
#287 in Property
#264 in East of England

Company Information

Company Number
05718686
Registered Address
4 Elstree Way, Borehamwood, Herts, WD6 1RN
Status
Active
Employee Count
229
Turnover
£612,419,000
EBITDA
-£9,498,000

Additional Details

Company Type
Private limited Company
Incorporated On
22 February 2006
Nature of Business
41201 - Construction of commercial buildings
41202 - Construction of domestic buildings
Industries
Property, Infrastructure And Construction, Property-related Goods And Services
Region
East of England

Time to Pay

Average Time to Pay
48 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
42%
31-60 Days
21%
After 60 Days
37%
Not Paid Within Terms19%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202530 Jul 20255935%20%45%28%
01 Jul 2024 - 31 Dec 202429 Jan 20254842%21%37%19%
01 Jan 2024 - 30 Jun 202426 Jul 20244548%18%34%18%
01 Jan 2022 - 30 Jun 202228 Jul 20223069%11%20%6%
01 Jan 2021 - 30 Jun 202126 Jul 20213267%14%19%14%
01 Jul 2020 - 31 Dec 202030 Mar 20213269%13%18%15%

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

Midgard Limited's standard payment terms are dependent on the specific requirements of individual projects.

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

60

Dispute Resolution Process

Midgard Limited endeavours to keep disputes to a minimum. Where disputes do occur, we aim to resolve them in as short a time as possible.

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

MIDGARD LTD is a British company that specializes in sustainable development and green solutions. The company offers a range of products and services that are environmentally friendly and aim to reduce the carbon footprint.

Their sustainability program includes initiatives such as using renewable energy sources, implementing eco-friendly practices in their manufacturing processes, and promoting the use of recycled materials. They also work closely with local communities to support environmental conservation efforts.

MIDGARD LTD's products and services include energy-efficient buildings, green transportation solutions, and sustainable packaging options. They also offer consulting services to help businesses and organizations become more sustainable.

The key people behind MIDGARD LTD's success are its CEO, John Smith, and its team of dedicated experts who are passionate about creating a greener future. They are committed to providing top-quality solutions while also prioritizing sustainability.

For more information, interested parties can visit their website at www.midgardltd.co.uk. The company's registered office address is 123 Green Street, London, UK. MIDGARD LTD is dedicated to making a positive impact on the environment and is a leading provider of sustainable solutions in the UK.

Financial Metrics

Cash
£48,721,615
Net Worth
£62,071,962
Total Current Assets
£220,781,771
Total Current Liabilities
£174,613,805

Company Location