NFRC Responds to ISG Administration
The eight businesses of ISG's UK operations, including its engineering and retail branches, have been placed into administration.It is quoted that 171 projects are affected with completion dates from 2024 onwards and worth £4.96bn.
According to our survey partner AMA Research, part of Barbour ABI, ISG is involved in 69 government projects including work on prison refurbishments for the Ministry of Justice with an estimated value of over £824M.
The Construction Leadership Council (CLC) met on Friday and is collating detailed guidance available for those impacted. Through our regional teams we are gathering evidence of the scale of impact across our membership to feed into the CLC.
If any NFRC member is facing particular financial distress as a result of ISG’s demise, we would encourage them to contact our Helpdesk via email [email protected] or by calling 020 7638 7663.
Any enquiry will be treated in the strictest confidence. The CLC has stated that its objective is to ensure ‘that as far as possible the effect on the wider sector is limited’.
NFRC will endeavour to support our members through this difficult time for the UK construction sector.
