Fast forward five years, and sadly the industry is coming to terms with the failure of ISG: another huge contractor with a multi-billion pound turnover, employing more 2,000 people working across some of the biggest projects in the public and private sector.
But while ISG is undoubtedly the biggest name to fail since Carillion in 2019, the sector has also lost significant players such as Buckingham Group, Osborne, Henry Construction and Inland Homes recently.
Indeed, out of all industries, the construction sector accounted for 17% of corporate insolvencies in the 12 months to June 2025. It has been a consistent theme for a number of years as insolvency continues to be a major concern for the sector.
Cause and effect
There are several…