ISG, which builds prisons and police stations, employs 2400 people and is being closely monitored by the Cabinet Office as it heads for administration, Sky News learns.
Thousands of construction industry jobs are at risk as ISG, a construction group that builds prisons and police stations, faces imminent collapse. Sky News has learnt that Whitehall officials are lining up City advisers to work on contingency plans for ISG, which is expected to formally appoint administrators on Friday. EY is on standby to handle the insolvency proceedings.
ISG employs about 2400 people and counts Apple, Barclays and Google among its private sector clients in the UK. It is also understood to be involved in construction projects for leading City law firms including Addleshaw Goddard. One insider said that EY would be appointed as administrator to eight ISG entities, including ISG Central Services and ISG Interior Services.
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