MOLSON COORS BREWING COMPANY (UK) LIMITED
Company number: 00026018
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
29 July 2026
Approved by:
Rebecca Wheeler
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 86 days
Total value paid:
- within 30 days: £55,923,263 (11%)
- in 31 to 60 days: £136,231,327 (27%)
- in 61 days or more: £307,157,412 (62%)
Invoices paid:
- within 30 days: 9%
- in 31 to 60 days: 20%
- in 61 days or more: 71%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £24,490,306
- payments due in the reporting period which have not been paid within the agreed period: 6%
- not made in the reporting period due to a dispute: 16%
Payment terms
Shortest standard payment periods
90 days
Longest standard payment period
Answer not provided
Standard payment terms
MCBC UK Standard payment terms are 90 days.
Molson Coors shall process payment of an invoice on the first Payment Date following the expiry of the 90 days period commencing on the later of the receipt date of a valid VAT invoice delivered in accordance with the contact or the acceptance of the goods by Molson Coors. Payment shall be made to the bank account nominated in writing by the supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
Longer payment terms are appropriately negotiated and mutually agreed.
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
We are a brewer and beverage wholesaler, we do not sell construction or have construction clients. Retention clauses may be included in qualifying construction contracts in some circumstances, depending on the nature of the works, associated risks and individual contractual arrangements. The inclusion and terms of retention are determined in accordance with the relevant contract and project requirements.
Does this business only use retention clauses in construction contracts above a specific contract sum?
No
Does this business use a standard percentage rate in retention clauses?
No
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Release mechanisms for retention payments are generally aligned with standard forms of contract, including JCT, with specific terms set out within individual agreements. Retention is typically released in stages, with a proportion released at practical completion and the balance following the end of the defects liability period, in line with contract terms. Release is not contingent on the performance of obligations under another contract. Suppliers can apply for release through the contractual payment process, with payment made in accordance with the agreed terms.
Is the money released in stages?
Yes:
JCT release in 2 stages, with a proportion released at practical completion and the balance following the end of the defects liability period.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
100%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
Suppliers can contact the accounts payable service desk for support with expected invoice payment dates or queries at BPO-CBL.Accountspayableprocessing@molsoncoors.com.
The accounts payable service desk responds to supplier queries and communicates credit note requests, invalid invoice rejections and required actions using supplier master data the contact details.
Where a supplier cannot reach a resolution, they must escalate it to their Molson Coors relationship owner.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
Yes
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No