ISG hails record performance as turnover tops £2 billion

ISG has reported its “best-ever” financial performance just three years after the business was taken into private ownership, with turnover exceeding £2 billion for the first time in the firm’s 30-year history.

Profit before tax at the office fit out contractor reached £38.5 million while the forward order book sits at £1.4bn.

ISG hails record performance as turnover tops £2 billion

ISG landed a contract to build a new £5.8 million single malt whisky distillery in Edinburgh

ISG’s 2018 Annual Report, shows a third consecutive year of record growth and profitability for the company, which now employs around 3,000 people and operates in 24 countries. 



Sustainable growth has been achieved across the firm’s fit out, construction, engineering services and retail operations, with its international businesses also generating record growth and profitability.  

The company has seen an unprecedented level of growth and demand for its services in Continental Europe – increasing turnover by over 100% to circa £400m. 

ISG has also reported minimal impact from Brexit, with its global customer base continuing to invest strongly in London property assets.

The firm’s office fit out business posted a 54% increase in revenue to a record £609m turnover. 



The overall scale of projects has also increased significantly, with ISG securing and working on three projects at £200m+ and one project at £300m+ during 2018.    

Paul Cossell, CEO of ISG, said: “Instead of waiting for new incumbents to disrupt our industry, ISG has used its 30 years’ experience as a market leader to tackle the productivity and cyclical financial issues that have plagued our industry for too long.

“Traditional operating practices and central command structures do not work in our dynamic society or for agile global customers, so we have embraced change, empower our people to be creative and encourage radical thinking, with technology and innovation at our core.

“What’s clear is that ripping up the old rule book and learning from our tech-led customers has proved transformational for our business.



“Our people are already generating the ideas and innovation that are proving instrumental in moving our industry forward.

“From the launch of a new Level 3 qualification, to developing a standard component design for classrooms, or our very first filed patent for in-house developed technology, it is the quality of our people and the supportive structure around them that sets our business apart.”


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