21-10-2024 10:19 via constructionenquirer.com

ISG suppliers facing initial £180m hit

Administrators sifting through the rubble of the ISG collapse have already identified £180m in unpaid bills for the failed contractor’s supply chain.
Updates posted at Companies House cover all of the group’s defunct businesses apart from the fit-out division.
An initial statement of affairs for the main construction division, signed-off by CEO Zoe Price, shows current claims of £89.8m from trade creditors.The list of hundreds of firms includes 13 subcontractors owed more
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