Eleven firms in the ISG family – including the UK holding company – entered liquidation rather than appointing administrators, Construction News can reveal.
In September, accountancy firm EY was appointed as the administrator for eight of ISG’s most well-known companies after the £2.2bn-turnover firm’s collapse that month.
New analysis by CN shows that during the two months after the firm’s demise, staff from accountancy and business advisory firm Azets UK were appointed as liquidators for 11 additional UK companies in the ISG group.
These businesses included the holding company for all of ISG’s operations, ISG Ltd.
Documents filed by Azets with Companies House do not list any monies owed to the supply chain. But they do show…
