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Construction giant ISG facing collapse
ISG collapse shows cracks in UK construction industry
The crisis engulfing ISG raises questions about the entire UK construction sector, not just its own weak business model.
ISG collapse 'devastating' for construction industry
The collapse of construction giant ISG is "devastating" for the sector and could lead to other firms going under, the boss of an industry trade body has said. The chief executive of Build UK, Suzannah Nichol, told the BBC’s Today programme that many smaller firms in the supply chain would not now receive money, putting their future at risk.
ISG Construction enters administration: What caused the company’s downfall?
In a shocking turn of events, ISG Construction, one of the UK’s largest construction firms, has officially entered administration after months of financial uncertainty and failed attempts to secure a sale.
Construction industry facing crisis after major firm falls into administration
The construction industry is in shock after major firm ISG fell into administration, leaving thousands of workers unemployed and affecting smaller firms in the supply chain. Some 2,200 ISG workers have been made redundant,
More construction firms could fold after ISG's 'devastating' collapse, Build UK boss warns
The collapse of construction group ISG with the loss of more than 2,000 jobs is going to be “devastating” for the industry and could result in some of its supply chain partners also folding, the head of an industry trade body has warned.
UK construction firm ISG collapses
UK construction firm ISG has collapsed. ISG Central Services Limited, ISG Interior Services Group UK Limited, ISG Fit Out Limited, ISG Engineering Services Limited, ISG UK Retail Limited, ISG Retail Limited, ISG Construction Limited, and ISG Jackson Limited have entered administration.
2,200 jobs go as ISG enters administration
Around 2,200 staff have lost their jobs after administrators from EY officially took control of ISG on Friday afternoon. Timothy Graham Vance, Alan Michael Hudson and Dan Edkins of EY-Parthenon’s Turn
Whitehall on alert as construction group ISG heads for collapse
ISG, which builds prisons and police stations, employs 2400 people and is being closely monitored by the Cabinet Office as it heads for administration, Sky News learns.
Thousands of jobs cut as major construction firm ISG collapses into administration
ISG is involved in 69 central government projects totalling more than £1 billion, including work on prisons for the Ministry of Justice, data analysts Barbour ABI said. A spokesp
Construction giant ISG facing collapse as firm prepares for insolvency
The industry giant has completed several projects across Ireland and acquired Dublin-headquartered construction specialists ESS Group in 2022
Opinion
Architects' Journal
21h
Opinion
ISG fallout: ‘Most of the industry is sailing dangerously close to the wind’
What does the ISG collapse say about today’s construction sector? That it is an old dog with no new tricks, writes crisis ...
Construction News
16h
Senior industry figure ‘had agreed’ to chair ISG
A “very senior” industry figure had agreed to become ISG’s new chairperson, according to the man leading the doomed attempt ...
Building
23h
Industry’s ‘broken economic model’ under scrutiny in wake of ISG collapse
Consensus grows that margins levels 'not sustainable' and more firms will go to wall unless current system changes ...
GlobalData on MSN
3d
ISG’s subsidiaries file for administration amid financial woes
Global construction specialist ISG’s six subsidiaries, including ISG Construction, have reportedly filed notices of intent ...
Construction News
17h
Revised bid sparked ISG talks collapse, claims buyer
The proposed deal to buy ISG collapsed after the prospective buyer reduced the value of its bid, according to the man behind ...
Building
3d
ISG staff vent frustration at firm’s collapse after weeks of uncertainty
Calls for industry-wide reform to prevent further administrations as supply chain braces for impact of £2.2bn firm's ...
construction.co.uk
3d
NASC Urges Govt To Protect SME Scaffolding Contractors
National Access & Scaffolding Confederation (NASC) is deeply concerned following the recent administration of ISG, the UK's sixth largest primary construction contractor.
Construction News
5d
ISG ploughed £300k into specialist before collapse
ISG paid £300,000 to subcontractor Alucraft Systems in a last-ditch attempt to save it from administration, Construction News ...
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