ISG News, Contracts and Projects | Construction News

ISG ‘very near’ to being sold

Charlotte Banks — Fri, 05 Jul 2024 12:17:40 +0000

ISG’s parent company Cathexis is set to sell the sixth-biggest UK contractor after eight years, amid worries about the London-based firm's finances. ISG chair and Cathexis chief operating officer Matt Roche told stakeholders that the buyer, whose identity he did not disclose, would make a…

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Envelope specialist liquidation set to hit ISG for £14m

Ian Weinfass — Wed, 03 Jul 2024 11:30:42 +0000

ISG is in line for a £13.9m hit following the liquidation of one of the UK’s largest envelope specialist brands. Private equity-backed Clarison Group was renamed TGCL 2024 Ltd at Companies House in March and filed a notice of liquidation this week. £85m-turnover Clarison was…

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ISG wins £135m prison jobs

Ben Vogel — Thu, 07 Mar 2024 10:47:42 +0000

ISG has picked up two prison contracts worth a combined £135m. The schemes at HMP Guys Marsh in Dorset and HMP Liverpool were procured through the Crown Commercial Service framework. They form part of the Ministry of Justice’s (MoJ’s) £4bn investment plan to create up…

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ISG to build £300m Bucks prison approved by Gove

Will Ing — Wed, 31 Jan 2024 17:31:29 +0000

ISG is set to build a £300m Buckinghamshire prison approved by housing secretary Michael Gove, Construction News can reveal. Gove rubber-stamped plans for a new 1,468-capacity Category C prison at HMP Grendon on Tuesday (30 January), following a recommendation from a planning inspector. Buckinghamshire Council…

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10 companies to watch in 2024

Ian Weinfass — Wed, 03 Jan 2024 11:00:10 +0000

Which companies are likely to have the biggest impact on the industry in the year ahead? ISG In November, ISG felt moved to issue a statement denying “unsubstantiated, wholly inaccurate and false claims” about its financial health”. However, it did not elaborate on the nature…

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ISG lands £70m life sciences revamp

Ian Weinfass — Wed, 13 Dec 2023 12:52:02 +0000

ISG has been appointed to a major life sciences retrofit job in London’s King’s Cross. Hong Kong developer Nan Fung Group has appointed the contractor to redevelop Regent Quarter, close to King’s Cross Station. The first phase, due for completion in late 2025, will see…

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ISG denies ‘wholly inaccurate’ rumours about finances

Will Ing — Tue, 14 Nov 2023 09:03:51 +0000

ISG has denied “unsubstantiated, wholly inaccurate and false claims” about its financial health. A spokesperson for the UK’s fifth-largest contractor said the company had organised meetings with clients and consultants to relay “facts and truth” about its financial position, following rumours about the state of…

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New contractor sought as Welsh school project put on hold

Kerry Lorimer — Tue, 10 Oct 2023 08:49:11 +0000

A new contractor is being sought for a £9.1m special educational needs (SEN) school project in Wales after the construction phase was put on hold. Last year, ISG was commissioned to complete the design for the 64-place replacement of Brynllywarch Hall School in Newtown following…

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Major London deals help Multiplex top the league table

Ian Weinfass — Mon, 09 Oct 2023 06:00:29 +0000

Multiplex topped the contracts league table for the first time in more than two-and-a-half years in September, thanks to two London wins, according to data compiled by construction intelligence provider Glenigan. The Australian multinational landed the £450m main contract for the super-prime St John’s Wood…

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ISG picked for £155m prison work

Will Ing — Mon, 25 Sep 2023 11:14:19 +0000

ISG has been picked for a £155m programme to deliver 780 prison places across three sites. The contractor will build Category D houseblocks with 60 single-occupancy rooms, as well as ancillary rooms, for the Ministry of Justice (MoJ) via a FAC-1 Alliance contract. ISG was…

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