// payment practices, as filed · company 02027459
Michael I Holdsworth Ltd: how it pays its suppliers, from its own filing
Michael I Holdsworth Ltd reports paying its suppliers in an average of 36 days, with 5% of invoices paid later than the agreed terms, for the period 1 March 2026 to 31 August 2026. Across the 1,496 companies that report on construction contracts, the median is 31 days and 14% late. Every figure below is the company’s own, approved by a director and published on the government register; this page reproduces it and says what it means for a subcontractor.
36 days
Average days to pay
longer than 62% of the 1,496 filers; median 31 days
5%
Paid later than agreed
a higher share than 20% of filers; median 14%
37%
Paid within 30 days
2% took longer than 60 days
The terms it declares
- Standard payment terms
- 1 to 306 days
- Maximum contractual period
- 306 days
- Paid in 31 to 60 days
- 61%
- Paid after 60 days
- 2%
- Not paid because of a dispute
- 1%
- Filed on
- 4 September 2026
Their standard terms, in their words
We have weekly payment terms for local suppliers and small businesses We have an End of the month following the month of supply We part pay our Rates bills over 306days by direct debit We have special terms and pay some suppliers by direct debit ie., Utility suppliers We may enter into arrangements to pay a supplier by percentage of a Gross amount – until the supply is complete We may make staged payments to a supplier until the supply is complete We do not pay any supplier without receipt of a statement (unless there is only one invoice outstanding) This can cause delays as some Suppliers do…
Every filing since Aug 2018
Michael I Holdsworth Ltd has filed 14 times. The share paid late is down 6 points on the previous filing, and the average days to pay down 2 days. The first filing, for the period to 31 August 2018, reported 34 days and 62% late.
| Period to | Days to pay | Paid late | Within 30 days | Over 60 days |
|---|---|---|---|---|
| 31 August 2026 | 36 | 5% | 37% | 2% |
| 28 February 2026 | 38 | 11% | 32% | 5% |
| 31 August 2025 | 37 | 12% | 30% | 2% |
| 31 August 2023 | 39 | 3% | 22% | 1% |
| 28 February 2023 | 39 | 5% | 25% | 1% |
| 31 August 2022 | 39 | 8% | 24% | 2% |
Retention
This filing declares no retention clauses in its construction contracts. If your subcontract with Michael I Holdsworth Ltd does hold retention, the contract governs; the retention piece explains how to get it released.
What this means if you are pricing work for them
The share paid later than agreed is the number to read first, because a short term makes an invoice late sooner and a long one hides lateness inside the term. Michael I Holdsworth Ltd is at or below the median on that measure. The average days to pay sits over the median.
A worked example on a 30-day term: an invoice of £10,000.00 paid on this company’s average, 6 days after the final date, carries £19.32 of statutory interest at 11.75% plus the fixed sum, £119.32 in all, which the law lets you add without a clause. Run your own figures.
Against the official benchmark: the Department for Business and Trade’s statistics for 2025, published 14 July 2026, put large construction businesses at 33 days to pay with 14% of invoices late by number (13% by value), and all large businesses at 32 days and 15% late. Michael I Holdsworth Ltd is slower than the sector figure. Its late share is at or below the sector figure.
What the register does not show: it is self-reported, large companies only, and the filing covers the whole company, not your contract. Read it alongside the notice rules that decide what you are actually owed, and keep your own dates.
Questions subcontractors ask about Michael I Holdsworth Ltd
- How long does Michael I Holdsworth Ltd take to pay its suppliers?
- Michael I Holdsworth Ltd reported an average of 36 days to pay an invoice for 1 March 2026 to 31 August 2026, with 37% of invoices paid within 30 days and 2% taking longer than 60 days. The official 2025 figure for large construction businesses is 33 days.
- Does Michael I Holdsworth Ltd pay late?
- By its own filing, 5% of Michael I Holdsworth Ltd's invoices were paid later than the agreed terms, against 14% across large construction businesses in 2025 and a median of 14% among the 1,496 companies on this register that declare construction contracts. That is down 6 points on its previous filing (11% for the period to 28 February 2026).
- Does Michael I Holdsworth Ltd hold retention?
- Michael I Holdsworth Ltd declares no retention clauses in its construction contracts in this filing. Your subcontract governs; if it holds retention, the contract terms decide when it is released.
- Can I charge Michael I Holdsworth Ltd interest on a late invoice?
- Yes, under the Late Payment of Commercial Debts (Interest) Act 1998, from the day after the final date for payment, at 8% over the Bank of England base rate plus a fixed sum per invoice, without any clause in the contract. The calculator works it out for your figures.
Source: the company’s own report on the government’s payment practices service, report 116799, made under the Reporting on Payment Practices and Performance Regulations 2017 and reproduced under the Open Government Licence v3.0. Register copy taken 2 October 2026; comparisons are against the latest filing of each of the 1,496 companies declaring construction contracts. Figures are as filed, not judged. Not legal advice.
// read next
- Pay less notice: what it must say and when it must arriveWhat a pay less notice must contain under s.111 of the Construction Act, the deadline (contract or 7 days before the final date), and what happens if it's late.
- Late payment interest rate UK: how the 8% over base rule works, and why the date mattersUK late payment interest is 11.75% for business invoices due from 1 July 2026. How it is set, the £40/£70/£100 fixed sums, and a worked example on £18,400.
- Which main contractors pay late? What the payment practices register saysTen UK main contractors' filed payment figures: average days to pay, share paid late, report links. Median of 1,496 construction filers: 31 days, 14% late.
- Every company that files on construction contractsThe full A to Z, 1,496 filers, each with its own page.