ISG

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 significant investment in the business.…

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 formally launched in 2021, joining…

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 to 20,000 new prison places.…

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 had refused the plans, but…

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 the contractor adapt the Jahn…

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 its finances. “Some six to…

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 a competitive tender process that…

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 Square project, which involves demolition…

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 selected via the Crown Commercial…

ISG failed to deliver a £21.6m college in West Sussex before the start of term due to labour-supply issues, a council meeting has heard. The contractor was set to deliver the 100-pupil-capacity Woodlands Meed College building, for students with special educational needs, in time for the start of the new…