 | |
| Company type | Limited company |
|---|---|
| Industry | fit-out, construction, engineering services |
| Headquarters | , |
Area served | Europe, Middle East, Asia |
Key people | Zoe Price, CEO |
| Revenue | £2,190 million (2022) [1] |
Number of employees | 2,982 (2021) [2] |
| Website | isgltd.com |
ISG Ltd (formerly Interior Services Group) is a privately-owned, London, UK-based construction company. It employs around 2,800 people, mainly in Europe, the Middle East and Asia, and has operations in 24 countries.
The business that became ISG was founded as Stanhope Interiors in 1989 by David King [3] who led its management buyout from Stanhope Properties in 1995, when it was renamed Interior plc. [4]
In 1997, the business, Interior Services Group, was floated on the Alternative Investment Market of the London Stock Exchange. It officially changed its name to ISG plc in April 2013. [5]
In March 2016, it was taken private by US-based Cathexis (the investment vehicle of Texan billionaire William Harrison), [6] previously a substantial shareholder, in a £85m takeover. [7] [8] [9]
In May 2021, ISG reported its results for 2020, affected by the COVID-19 pandemic. Revenue was down 23% to £2.0bn (2019: £2.6bn); underlying EBITDA for the year was £37.6m (2019: £63.3m). [6] Fit-out was ISG's biggest source of revenue (£1,042.3m in 2020), followed by construction (£690.8m) and engineering services (£293.3m). [10]
In the year to December 2021, ISG reported revenues of £2.263bn, still not back to its pre-pandemic peak, while pre-tax profits increased to £18.9m, from £8.9m a year earlier; [11] fit-out remained ISG's largest service line. [2] In 2022, ISG revenues slipped to £2.19bn, while pre-tax profit was down 38% to £11.5m. [1]
Appointed in 2022, ISG CEO Matt Blowers left the business in February 2024, being replaced as CEO by Zoe Price. [1] There were also changes affecting the company secretary, vice-chair and chief financial officer roles. [12]
In July 2024, ISG staff and suppliers were informed that the company would be sold by Cathexis in the very near future, with the sale including a significant investment to recapitalise the business and support a return to normal trading. Staff and suppliers had become concerned about the state of the company's finances in late 2023. [13]
Blyth is a port and seaside town as well as a civil parish in southeast Northumberland, England. It lies on the coast, to the south of the River Blyth. It has a population of 39,731 as of the 2021 census, up 6% from the 2011 census and population of 37,347.
The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie", is the United Kingdom's best-known stock market index of the 100 most highly capitalised blue chip companies listed on the London Stock Exchange.
Cambois is a village in south-east Northumberland, England. It is situated on the north side of the estuary of the River Blyth between Blyth and Ashington on the North Sea coast.
Vistry Group, formerly Bovis Homes Group, is a British house-building company based in Kings Hill, England. Bovis Homes completed a deal to acquire Galliford Try's housing arm in January 2020, renaming the combined business Vistry. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Balfour Beatty plc is an international infrastructure group based in the United Kingdom with capabilities in construction services, support services and infrastructure investments. A constituent of the FTSE 250 Index, the company is active across the UK, US and Hong Kong. In terms of turnover, Balfour Beatty was ranked in 2021 as the biggest construction contractor in the United Kingdom.
Ashtead Group Public Limited Company is a British industrial equipment rental company based in London, England. It is listed on the London Stock Exchange as a constituent of the FTSE 100 Index.
Costain Group plc is a British construction and engineering company headquartered in Maidenhead, England.
Redrow plc is one of the largest British housebuilders with a network of 12 operational divisions across the UK. It is based in Flintshire, Wales and employs 2,300 people. It is listed on the London Stock Exchange and is currently a constituent of the FTSE 250 Index.
Laing O'Rourke is a multinational construction company headquartered in Dartford, England. It was founded in 1978 by Ray O'Rourke. It is the largest privately owned construction company in the United Kingdom.
WSP Global Inc. is a Canadian consulting firm working mostly in the built environment. It was created in 2012, following Montreal-based Genivar's takeover of British firm WSP Group plc. It is listed on the Toronto Stock Exchange. After the purchase of New York-headquartered professional services firm Parsons Brinckerhoff in October 2014, WSP effectively became one of the largest professional services firms in the world, with approximately 66,500 employees in 500 offices serving in 40 countries.
Kier Group plc is a British construction, services and property group active in building and civil engineering, support services, and the Private Finance Initiative.
Morgan Sindall Group plc is a leading British Construction & Regeneration group, headquartered in London employing around 6,700 employees and operating in the public, regulated and private sectors. It reports through six divisions of Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration and Investments. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Taylor Woodrow Construction, branded as Taylor Woodrow, is a UK-based civil engineering contractor and one of four operating divisions of Vinci Construction UK. The business was launched in 2011, combining civil engineering operations from the former Taylor Woodrow group and from Vinci UK - formerly Norwest Holst.
Blyth Power Station refers to a pair of now demolished coal-fired power stations, which were located on the Northumberland coast in North East England. The two stations were built alongside each other on a site near Cambois in Northumberland, on the northern bank of the River Blyth, between its tidal estuary and the North Sea. The stations took their name from the town of Blyth on the opposite bank of the estuary. Blyth A Power Station was built and opened first but had a smaller generating capacity than its sister station, Blyth B Power Station, which was built to its west four years later. The power stations' four large chimneys were a landmark of the Northumberland skyline for over 40 years; the A Station's two chimneys each stood at 140 metres (460 ft); the B Station's two chimneys were taller, at 170 metres (560 ft) each.
Amey plc, previously known as Amey Ltd and Amey Roadstone Construction, is a United Kingdom-based infrastructure support service provider.
Galliford Try plc is a British construction company based in Uxbridge, England. It was created through a merger in 2000 of two businesses: Try Group, founded in 1908 in London, and Galliford, founded in 1916.
Unified Seevic Palmer's College, trading as USP College, is a large general further education college in Essex, England. It was established in August 2017 from the merger of Palmer's College in Grays, Thurrock, and Seevic College in Thundersley, Benfleet, and traces its history back to the establishment of Palmer's as a charity school in 1706. Seevic College was established as a sixth form college in 1972, with Seevic originally being an acronym for South East Essex Sixth (VI) Form College. Seevic and Palmer's now make up two of the college's three campuses, with the XTEND Digital Campus in Canvey Island forming its third campus. There were 3,588 students enrolled to the college as of November 2021.
Willmott Dixon is a British privately owned contracting, residential development and property support business.
Cardiff Bus Interchange is a new bus and transport interchange, as well as offices and apartments, in the centre of Cardiff, the capital city of Wales.
Britishvolt is a UK startup manufacturer of lithium-ion batteries. The company initially planned production of batteries for the automotive industry. It began construction of a gigafactory at Blyth in northeast England in 2021, but work was halted in August 2022 due to funding difficulties.
The fit-out arm of developer Stanhope has gone from strength to strength under his leadership, expanding after a management buyout in 1995.