Multiplex counts cost of 22 Bishopsgate losses and covid with firm set to sink further into red

By Dave Rogers2021-01-11T06:00:00

City tower and pandemic to blow hole in 2020 accounts after firm slips to £14m loss for 2019

Losses running into millions of pounds on its 22 Bishopsgate project and the cost of dealing with the covid-19 pandemic will see Multiplex sink further into the red when it publishes its 2020 accounts later this summer.

The firm’s delayed 2019 accounts, published at the end of last week, show the builder, which is expecting to start work next month on a £400m scheme to turn the former US embassy at London’s Grosvenor Square into a luxury hotel for Qatari Diar, nosediving to a £14.2m loss for the year to December 2019.

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