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Multiplex suffers £159m COVID loss

Multiplex will build Make architects 1 Leadenhall tower Multiplex UK made a pre-tax loss of £158.6m in 2020, which it has blamed on the COVID-19 pandemic. The contractor, best known for its work on high-rise projects in London, closed its sites after lockdown was introduced in late March 2020 and said its productivity was hit after it began reopening sites a month later. Its turnover stood at £599m for the year to 31 December 2020, down from the £872m recorded for the previous 12 months. It had said, when it released its 2019 results, that its pandemic-related loss would be between £130m and £170m. The £158.6m figures was down from the £14m pre-tax loss it reported for 2019.

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