ISG administrator finds just £35m to pay down £1.1bn debt

ISG administrators have warned they will only recover £35m from cash and assets out of the rubble left behind from the collapse of the £2.2bn turnover contractor.
It means there will be no cash for trade contractors owed at least £308m.
The group is now confirmed to have sunk with total debts of £1.1bn, much of this from complex intercompany debt, cash owed to trade creditors and more than £100m owed in tax.
A new report from administrator EY reveals the firm was ab