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Construction giant ISG facing collapse
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 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 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.
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
Building
21h
ISG regional boss heads back to Multiplex
He was previously at Laing O’Rourke for 25 years, where he was a project leader having originally joined the business when it was known as Laing
Construction
in 1994. Yesterday, Structure Tone ...
1h
New job for former ISG chief
Matt Blowers left ISG in February this year after 26 years with the company and two as chief executive. He left ISG along ...
Opinion
Architects' Journal
23h
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
19h
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 ...
3d
Construction firm ISG - which has a site in Greater Manchester - has collapsed into administration
Ms Price promised staff they would be paid on Monday, as normal, and said the current situation was the result of "legacy ...
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 News
18h
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 ...
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 ...
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