ISG trade debtor recoveries ‘significantly exceed’ expectations

Administrators for collapsed tier one contractor ISG have recovered double the amount of money from trade debtors than originally predicted. In their latest progress report, Timothy Vance, Alan Michael Hudson and Dan Edkins of EY said they had recouped £26.3m out of a book value of… The post ISG trade debtor recoveries ‘significantly exceed’ expectations appeared first on Construction News.

Administrators extend ISG insolvency process for another year

Administrators from EY have extended their oversight of ISG’s collapsed businesses to September 2026 – taking it to two years after the group filed for administration. Documents filed with Companies House this week show that the administrators for EY now have another year to work… The post Administrators extend ISG insolvency process for another year appeared first on Construction News.

House’s 60-day deadline for IRA eligibility would trigger ‘scramble’: EY experts

“From a commercial perspective, it's not a unilateral decision most of the time on whether you can begin construction,” said Greg Matlock, a tax leader at EY Americas.

Debt recovery could take years, say ISG administrators after clawing back £19m

EY has already recovered more money than had been anticipated by failed firm’s directors

Revealed: 11 ISG firms went into liquidation

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… The post Revealed: 11 ISG firms went into liquidation appeared first on Construction News.