Published reports

MULTIPLEX CONSTRUCTION EUROPE LIMITED

Company number: 03808946

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2026 to 30 June 2026

Report filed on:

30 July 2026

Approved by:

Louise Bramble

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: 30 days

Total value paid:

within 30 days: £266,540,685 (71%)
in 31 to 60 days: £102,733,871 (27%)
in 61 days or more: £4,358,914 (1%)

Invoices paid:

within 30 days: 72%
in 31 to 60 days: 23%
in 61 days or more: 5%

Late and disputed:

total value of payments due in the reporting period which have not been paid within the agreed period: £72,707,024
payments due in the reporting period which have not been paid within the agreed period: 21%
not made in the reporting period due to a dispute: 7%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

Answer not provided

Standard payment terms

The Company payment terms can vary by contract, however the standard payment terms are 35 days from application date for sub-contractors and 30 days end of month for supplier payments.

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

45 days

No further comment provided

Any other information about payment terms

No further comment provided

Retention clauses

How does this business use retention clauses?

Retention clauses are included in standard payment terms.

Does this business only use retention clauses in construction contracts above a specific contract sum?

Does this business use a standard percentage rate in retention clauses?

Yes: 3%

Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?

Releasing money under a retention clause

Process for releasing money this business has deducted or retained under a retention clause

We only deduct and retain retention monies from sub-contractors where the executed sub-contracts make such provisions. Such retention is deducted from each payment made under the sub-contract as a percentage of the sums certified.
When the sub-contractor achieves Practical Completion of their Works and agreement is reached with us that this has been achieved, they will make an application for payment at the end of that month, and will additionally invoice for release of half of the total retention monies being retained. Such application will be processed and notification provided to the sub-contractor that such payment will be made and the date for that payment. The invoice will be processed in accordance with the payment provisions set out within the sub-contract, and within 30days of the date of the invoice.
In addition the executed sub-contract will include a date for the release of the other half of the retained retention. Such date is usually either 12months or 24months after the completion of the project, depending on the type of development. On this date the sub-contractor will request and invoice the agreed outstanding sum. The invoice will be processed in accordance with the payment provisions set out within the sub-contract, and within 30days of the date of the invoice.

Is the money released in stages?

Yes:

The retained monies are released in two stages.
The first stage is where the first half of the total retained sum is released. This is released following Practical Completion of the works under the sub-contract, and the payment is released in accordance with the payment provisions set out within the sub-contract, and within 30days of the date of the invoice.
The second stage is where the remaining balance of the original total retained sum is released. This payment is due on a date specified within the executed sub-contract, and the payment is released in accordance with the payment provisions set out within the sub-contract, and within 30days of the date of the invoice.

Amount retained from suppliers in the reporting period

Amount retained stated as a percentage of the money retained from this business by its clients

66%

Amount retained stated as a percentage of the total construction payments made by this business

Dispute resolution process

The method of dispute resolution will depend on the nature of the query.

For sub-contractor valuations the dispute will be dealt with exclusively by the relevant project who will negotiate with the sub-contractor until such time that the dispute is resolved and payment can be made. In the interests of good sub-contractor relations these disputes resolutions are treated as a priority.

Missing documents or information, such as the latest insurance certificates, can also lead to a payment to sub-contractors being held. In these cases the Accounts Payable are often involved in informing the relevant project which usually results in no delay to the payment.

With suppliers the resolution will also be led by the project who have instigated the dispute but Accounts Payable will also be involved if they are contacted by the supplier’s credit control department. The Accounts Payable team’s role is to expedite the resolution, acting as the liaison between the project and the supplier.

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.

Yes, this business has signed up to: Fair Payment Code

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.

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.

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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