The impact of the recent collapse of ISG, which sent shockwaves through the UK construction sector, placing many projects in peril and putting a number of subcontractors in a precarious position, is far worse than initially feared, new data has suggested.
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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 Turnaround & Restructuring Strategy have been appointed as Joint Administrators to eight UK tr
ISG plc is expected to follow its subsidiary companies by entering administration today. Six of the contractor's subsidiaries, including ISG Construction, applied to enter administration yesterday.
ISG has been appointed to oversee the extensive refurbishment of a multi-million-pound new distillery and visitor centre for whisky and gin distillery Eden Mill.
ISG has unveiled details of its financial performance in 2020, during which the contractor remained debt free and maintained revenues at the £2 billion threshold, with a record £1.5bn forward order book. During this year of unparalleled global disruption, ISG’s core focus on b
A new report by ISG, exploring the regional variations in carbon emissions produced by the operation of commercial buildings, has found Scotland to be the largest energy consumer in the UK. Though the report found that all UK regions have a significant distance to travel to achieve carbon neutrality
A project to restore the historic Rosebank Distillery in Falkirk cannot proceed as planned due to the partial collapse of a bonded warehouse on the site.
Nearly three quarters (72%) of the Scottish workforce sees more time with family, more time for themselves and a better overall work life balance as the overwhelming primary benefits of being given the work flex balance asked for from employers, according to a new study by office fit-out and co
In a planned and phased succession from current incumbent Mark Stockton, ISG has appointment divisional finance director Karen Booth to the role of chief financial officer (CFO) from next year. Ms Booth is promoted from her existing role as financial director (FD) of ISG’s Engineerin
Springfield Properties, Barratt Developments, McTaggart Construction and ISG are among a number of firms to announce closures of their construction sites following last night’s nationwide lockdown.
Restoration work has started on the historic Rosebank Distillery in Falkirk, which was mothballed more than 25 years ago.
ISG has promoted Zoe Price to replace Gordon Kew as chief operating officer (COO) for its UK Construction business. Ms Price has more than eight years of experience at ISG, most recently as group director for public sector frameworks.
ISG has confirmed the departures of UK construction boss Gordon Kew and north and Scotland managing director Andy McLinden as two more directors are also set to leave their posts. Gordon Kew leaves ISG after just nine months having joined to head up the company’s UK construction business in Ja
Lee Phillips has been promoted to be the new managing director of the UK Fit Out business of ISG. The change follows the promotion of Matt Blowers to chief operating officer for ISG Fit Out earlier this year after six years of leading the business.
Eight contract award wins with a total cost of £350 million has secured ISG’s place at the top of Barbour ABI’s contractors table for April 2019.