ISG

One of the worst-hit subcontractors to ISG, which collapsed in September, says its exposure has been mostly wiped out after replacement main contractors were selected on its key projects. Mechanical and electrical building services firm Maintenance & Contracting Services (MCS) was named in an administrators’ report last year as being…

Subcontractor Seventynine Lighting, which went down in October, owed more than £2m, administrators have confirmed. Insolvency professionals at Forvis Mazars said the £11m-turnover firm, based in Gloucestershire, owed £2.1m to creditors when it collapsed last year following ISG’s fall into administration. Its statement-of-affairs form posted at Companies House on 13…

A bumper construction scheme on hold since ISG collapsed has been revived following the appointment of a new contractor. Walter Lilly – a £73m turnover contractor based in London – will take over construction work on Project Apple, an 7,400 square metre scheme to build a new headquarters for pharmaceutical…

A life sciences job in London’s Canary Wharf originally set to be won by collapsed contractor ISG has been picked up by Morgan Sindall. Morgan Sindall announced this morning (9 January) that it is taking on the project at 17 Columbus Courtyard, Canary Wharf for clients Oaktree Capital Management and…

A former subbie took a £3m hit when ISG was kicked off a project in spring 2024 – months before the main contractor's administration. Hampshire-based glazing specialist Vitrine Systems went into administration itself in November, blaming the prior collapse of ISG. The assets of the £8.8m-turnover firm were sold to…

A college build delayed by the collapse of ISG has been revived following the appointment of a new contractor. West Sussex County Council announced on 6 December that Sunninghill Construction would complete groundworks at Woodlands Meed College. The overall construction cost will be £21.6m, according to the council. Sunninghill will…

ISG’s collapse will add between three and 18 months to the programme for the prisons it was working on, according to Ministry of Justice (MoJ) estimates. The MoJ’s modelling has been revealed in a National Audit Office (NAO) report on increasing capacity in the prison system. The department also said…

ISG’s administrators expect to recoup just £35m towards a total of £1.1bn of debt owed by the collapsed group, a new report by administrators at EY has revealed. The report said no funds are expected to be distributed to trade creditors, which are thought to be owed a total of…

Morris & Spottiswood has acquired part of the former construction firm ISG, saving 111 jobs. The Glasgow-headquartered company announced it purchased fit-out business ISG Cathedral. The value of the acquisition has not yet been disclosed. The firm was originally an independent retail fit-out specialist called Cathedral Contracts, before its buyout…

A Welsh council has paid out more than £7m to secure the supply chain on one of ISG’s largest remaining sites. Cardiff Council “safeguarded” the £108m Fairwater Community Campus site – which ISG was working on before it went under in September – by appointing a new contractor to the…