Business & Money – Building giant went bust with £1bn debts
Construction giant ISG collapsed with estimated debts of almost £1 billion, according to newly published filings that lay bare the scale of the financial fallout from its implosion.
Estimates made by company directors, filed at Companies House last week, show that ISG went bust in September owing £981 million to creditors. It was holding dozens of public sector contracts, including work building schools and prisons, that were worth a total of more than £1 billion at the time of its collapse.
