Midgard City Limited carries an average payment time of 55 days, which already exceeds standard 30-day terms by nearly two months on average. Only 39% of invoices are settled within 30 days, while a significant 36% stretch beyond 60 days, indicating a consistent pattern of delayed payment rather than an isolated issue. The distribution across payment bands suggests a structural tendency toward slow settlement rather than a temporary cash flow disruption.
With 28% of payments classified as late, Midgard City Limited demonstrates a notably unpredictable payment profile, meaning suppliers cannot reliably forecast when outstanding invoices will be cleared. The wide spread across all three payment bands — with meaningful volume in both the sub-30-day and over-60-day categories — points to inconsistent internal payment processes or selective prioritisation of creditors. This volatility increases working capital risk for any supplier extending standard credit terms.
Midgard City Limited presents a moderate-to-high payment risk profile and suppliers should exercise caution before extending unsecured credit on standard terms. Key decision factors include the 55-day average, the 36% over-60-day rate, and the 28% late payment rate, all of which sit above acceptable thresholds for low-risk trading. Recommended mitigations include shortening credit terms to 14 days, requiring partial upfront payment, or applying credit limits commensurate with the elevated risk exposure.
| 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 Nov 2025 - 30 Apr 2026 | 28 May 2026 | 55 | 39% | 25% | 36% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Midgard City 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
Midgard City Limited endeavours to keep disputes to a minimum. Where disputes do occur, we aim to resolve them in as short a time as possible.
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
MIDGARD CITY LIMITED is a private limited company registered and operating in the United Kingdom. The company operates under a private limited structure, which provides the organisation with limited liability status and a distinct legal identity separate from its shareholders.
MIDGARD CITY LIMITED was incorporated on 17 June 2015 and holds company registration number 09644627 with Companies House. The company's registered office is located at 4 Elstree Way, Borehamwood, Hertfordshire, WD6 1RN, placing it within the established business community of the Hertfordshire region.
Private limited companies of this nature in the UK are subject to the requirements of the Companies Act 2006, maintaining statutory obligations including the filing of annual accounts and confirmation statements with Companies House. The private limited company structure is widely utilised across the UK for businesses operating in a broad range of commercial sectors.
MIDGARD CITY LIMITED maintains an active status on the Companies House register, demonstrating its continued operation since its incorporation in 2015. The company represents one of the many active private enterprises contributing to the UK's business landscape.