The Midas is a British made kit car initially using Mini running gear. Harold Dermott and his company, D&H Fibreglass Techniques, of Greenfield, Oldham, Greater Manchester, England came to an agreement in 1975 with Marcos cars to take over production of their Mini Marcos model. The car, with its odd-ball looks, was looking outdated so Dermott asked the designer to come up with a new model. The new car, which was called the Midas, was launched at the 1978 Performance Car Show in London. The car had a composite body with no chassis, using the Mini engine/gearbox and front subframe but replacing the rear subframe with a beam on which the trailing arms were hinged.