Downfall of ISG: how and why it collapsed

By Dave Rogers2024-12-04T12:30:00

Report by administrator EY says firm was set to post after tax losses of £133m while would-be buyer eventually offered £1 for business

ISG was preparing to post after tax losses of more than £130m at the time it collapsed into administration with problem high-rise residential jobs costing it more than £100m, a new report by administrator EY has said.

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