News

Major contractor set to file for administration, chief executive confirms

By 2024-09-20T11:38:00

ISG

ISG to go under two months after firm’s chairman said rescue deal was ‘days away’

ISG’s chief executive has confirmed that the company is set to go into administration and told staff that offices will be closed from today while sites will also be shut.

The collapse is the biggest corporate construction failure since Carillion subsided six years ago and is set to see administrator, believed to be EY, appointed shortly.

This content is available to registered users | Already registered?Login here

You are not currently logged in.

To continue reading this story, sign up for free guest access

Existing Subscriber? LOGIN

REGISTER for free access on selected stories and sign up for email alerts. You get:

  • Up to the minute architecture news from around the UK
  • Breaking, daily and weekly e-newsletters

 

Subscribe to Building Design and you will benefit from:

Gated access promo

  • Unlimited news
  • Reviews of the latest buildings from all corners of the world
  • Technical studies
  • Full access to all our online archives
  • PLUS you will receive a digital copy of WA100 worth over £45

Subscribe now for unlimited access.