ISG News, Contracts and Projects | Construction News

Former ISG employees launch legal action over redundancies

Joshua Stein — Thu, 01 May 2025 11:45:37 +0000

More than two thirds of ISG’s former staff are pursuing legal claims against over the way they were made redundant, according to administrators. In their latest update on the administration of eight ISG firms (see box below), published on Wednesday (30 April), EY’s Timothy Graham…

The post Former ISG employees launch legal action over redundancies appeared first on Construction News.

Revealed: 11 ISG firms went into liquidation

Joshua Stein — Tue, 22 Apr 2025 11:45:43 +0000

Eleven firms in the ISG family – including the UK holding company – entered liquidation rather than appointing administrators, Construction News can reveal. In September, accountancy firm EY was appointed as the administrator for eight of ISG’s most well-known companies after the £2.2bn-turnover firm’s collapse that…

The post Revealed: 11 ISG firms went into liquidation appeared first on Construction News.

ISG-linked modular firm owed £70m to supply chain at time of collapse

Joshua Stein — Wed, 16 Apr 2025 11:45:18 +0000

A modular specialist owned by ISG’s parent firm, Cathexis, owed £70m to the supply chain when it went under days after ISG’s collapse. ESS Modular appointed administrators four days after ISG’s subsidiaries called in Ernst & Young (EY) to administer its affairs. EY was also…

The post ISG-linked modular firm owed £70m to supply chain at time of collapse appeared first on Construction News.

Ex-ISG film studio project officially scrapped

Ian Weinfass — Thu, 20 Mar 2025 12:45:40 +0000

Plans for the UK’s largest film studio, which would have been built by collapsed contractor ISG, have officially been scrapped. The £700m Sunset Waltham Cross Studios project, just off the M25 in Hertfordshire, was meant to be developed by Blackstone and US-studio firm Hudson Pacific…

The post Ex-ISG film studio project officially scrapped appeared first on Construction News.

ISG’s auditors promise to ‘cooperate fully’ with watchdog probe

Joshua Stein — Wed, 19 Mar 2025 12:40:22 +0000

ISG Ltd’s auditors say they will “cooperate fully” with an investigation that has been launched by the Financial Reporting Council (FRC) into the firm’s final set of annual results. The FRC said yesterday (18 March) that it had “commenced an investigation” into chartered accountancy firm…

The post ISG’s auditors promise to ‘cooperate fully’ with watchdog probe appeared first on Construction News.

Graham takes over former ISG cultural retrofit job

Ian Weinfass — Thu, 13 Mar 2025 16:11:18 +0000

Graham has taken over a £44m former ISG project to turn a former retail outlet into a cultural hub. The City Centre Cultural Gateway project is set to see a seven-storey former Ikea store in Coventry retrofitted with gallery and collections space, as well as…

The post Graham takes over former ISG cultural retrofit job appeared first on Construction News.

Fit-out specialist takes over ISG distillery job

Ian Weinfass — Tue, 25 Feb 2025 12:08:43 +0000

Morris & Spottiswood has taken over completion of an £8m distillery left unifinished when ISG Construction collapsed. Work on the Elixir Distillers’ Portintruan Distillery on Islay (pictured), in the Inner Hebrides, stalled when the contracting giant when under in September last year. Glasgow-headquartered Morris &…

The post Fit-out specialist takes over ISG distillery job appeared first on Construction News.

Bristol homes to be demolished following ISG collapse

Joshua Stein — Thu, 13 Feb 2025 11:24:03 +0000

A housing association is planning to demolish a housing block, after ISG’s collapse into administration stymied an attempted £4m claim over alleged defects. At the time of ISG’s demise, Elim Housing Association had been pursuing ISG Pearce in the claim relating to Bouverie Court, a…

The post Bristol homes to be demolished following ISG collapse appeared first on Construction News.

ISG collapse: Speller Metcalfe set to take over leisure centre job

Ian Weinfass — Fri, 31 Jan 2025 12:45:03 +0000

Speller Metcalfe has been chosen as preferred contractor on a £24m leisure centre build that was due to be delivered by ISG. Sandwell Council in the West Midlands is poised to sign off a plan to redesign and rebuild the Haden Hill Leisure Centre in…

The post ISG collapse: Speller Metcalfe set to take over leisure centre job appeared first on Construction News.

ISG collapse to cost prison service more than £300m

Ian Weinfass — Tue, 28 Jan 2025 12:45:57 +0000

The collapse of ISG will cost the Ministry of Justice (MoJ) an estimated £300m on its new prisons programme, and will have an even bigger impact on fire-safety remediation work. At a hearing before the House of Commons Public Accounts Committee yesterday (27 January), senior…

The post ISG collapse to cost prison service more than £300m appeared first on Construction News.