The background of course has been the demise of ISG Construction Ltd in administration in the latter part of September 2025 and the Administrators have published a Statement of Affairs which makes absolutely grim reading with the supply chain being owed significant sums of money and they are not likely to receive anything. In my next Blog I may be able to update readers on what has emerged but as at 26 October 2024 it is not clear how some of these major projects will be recommenced and completed and what the impact will be on the supply chain.
In the past few days, we have seen the fallout of two subcontractors also going into administration as a result of the amounts of money that they were owed. As to whether or not there were other issues affecting these organisations, remains to be seen.
Want to see the full article?
FIS members can access the full article