ISG

The financial black hole left by ISG’s demise has deepened to more than £1bn, Construction News can reveal. Liquidators at Azets, who were appointed to manage 11 of ISG’s collapsed firms, have now received claims from unsecured creditors totalling £398.7m, their latest progress reports reveal. This is a rise from…

Administrators for ISG Construction are chasing an architectural practice for £7.8m over delays to a project completed in 2022. In a claim lodged at London's Technology and Construction Court, the administrators claim that W Griffiths Architects failed to properly to carry out its obligations as an architectural consultant on a…

Administrators for ISG are pursuing a specialist contractor and AtkinsRéalis for £4m worth of damages over an allegedly faulty school roof. The legal action has been launched against consultancy AtkinsRéalis PPS and roofing contractor Longworth Building Services over defects at a special educational needs (SEN) school it built in Bury,…

A Buckinghamshire-based envelope contractor has pushed through a £2m hit from ISG’s collapse to “sustain operational momentum”. Middlesex Facades said in its latest annual accounts that it had to write off £2m following ISG’s collapse last September, but that it secured contracts with new clients on ISG sites to see…

The Ministry of Justice (MoJ) booked historical losses of £24m on its programme to build new prison accommodation last year, it has been revealed. The ministry’s “reactive approach” to add 20,000 new prison places by 2031 was responsible for the size of the loss, according to the National Audit Office’s…

Seventynine Lighting, which went into administration a year ago shortly after being hit by the collapse of ISG, has now gone into liquidation. The Gloucestershire-based subcontractor owed more than £2m when it went under in October 2024. Mark Boughey and Rebecca Dacre of Forvis Mazars, who were appointed as the…

Administrators for collapsed tier one contractor ISG have recovered double the amount of money from trade debtors than originally predicted. In their latest progress report, Timothy Vance, Alan Michael Hudson and Dan Edkins of EY said they had recouped £26.3m out of a book value of £241.7m since being appointed last…

ISG’s collapse in September last year has left a £3.8m-sized dent in a major building services firm’s finances. Yorkshire-based Ivegate Limited had to take over from ISG on a £15m fit-out project, which it was originally working on as a subcontractor, it revealed in annual accounts published this week But…

Administrators from EY have extended their oversight of ISG’s collapsed businesses to September 2026 – taking it to two years after the group filed for administration. Documents filed with Companies House this week show that the administrators for EY now have another year to work on the financial affairs of…

The Ministry of Justice (MoJ) has put aside £1.1bn of contracts to restart stalled projects in its prison building programme – including two major ex-ISG jobs. The cash is meant to get 14 construction work packages up and running at 32 prisons and courts across the UK under the ministry’s…