ISG has enjoyed a landmark financial year with a £2.2 billion turnover in 2018.
This is the first time the company has reached £2bn in its 30-year history and represents a £0.5bn increase from last year.
ISG's 2018 Annual Report also showed a £38.5 million underlying profit before tax, £77.7 million net cash position at year end and £1.4 billion forward order book.
The firm employs around 3,000 people and operates in 24 countries across the globe.
They have seen an unprecedented level of growth and demand for its services in Continental Europe – increasing turnover by over 100 percent to circa £400 million.
Its global customer base is also continuing to invest in London property assets despite the uncertainty surrounding Brexit.
Paul Cossell, CEO of ISG, commented: "Instead of waiting for new incumbents to disrupt our industry, ISG has used its 30 years' experience as a market leader to tackle the productivity and cyclical financial issues that have plagued our industry for too long.
"Traditional operating practices and central command structures do not work in our dynamic society or for agile global customers, so we have embraced change, empower our people to be creative and encourage radical thinking, with technology and innovation at our core.
"What's clear is that ripping up the old rule book and learning from our tech-led customers has proved transformational for our business.
"Our people are already generating the ideas and innovation that are proving instrumental in moving our industry forward.
"From the launch of a new Level 3 qualification, to developing a standard component design for classrooms, or our very first filed patent for in-house developed technology, it is the quality of our people and the supportive structure around them that sets our business apart."
(CM/JG)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
21/11/2024
Europe's leading online cleanroom consumables supplier, Cleanroomshop, has recently launched a brand-new website, giving its users an improved user experience. The new website continues to offer over 2,000 products from more than 40 brands, whilst incorporating a new look and more efficient ...
21/11/2024
At Ecomerchant, we offer a carefully curated selection of sustainable weatherproofing solutions, including natural lime renders, mineral finishes, and vapour-open waterproofing materials. They help prevent structural damage while ensuring your building can breathe naturally. Our eco-friendly ...
20/11/2024
Construction firm Willmott Dixon has partnered with Westminster City Council on a £36 million project to restore the historic Seymour Centre in Marylebone, a Grade II listed building dating back to the 1930s. The project, procured through the SCF framework, will see the three-storey centre undergo ...
20/11/2024
The Hill Group has commenced work on a new development in Billericay, Essex, which will deliver 179 high-quality homes across a 20-acre site. Designed to blend with Billericay's scenic countryside while addressing the pressing demand for sustainable housing, the project is located on Kennel Lane ...
20/11/2024
Extensive groundwork is underway for a new housing development in Maidstone, where Vistry Group, in partnership with Legal & General Affordable Homes, is set to build 272 properties on the site of the former Tovil Quarry off Farleigh Hill. The project will include 37 affordable homes for low-cost ...
20/11/2024
Stonewater has scooped a new energy efficiency retrofit contract with compliance and energy services provider Correct Contract Services. This work, funded through the Social Housing Decarbonisation Fund (SHDF) Wave 2, will include a range of energy-saving upgrades. Measures such as loft ...
20/11/2024
Kier has been appointed by Cambridgeshire County Council to deliver building, mechanical, and electrical maintenance services across the Council's portfolio of 160 corporate buildings. The contract, which began in November 2024, will run until 2027, with the possibility of two one-year extensions ...
20/11/2024
Builders use water for various functions on the job, they utilise this resource for worker hygiene, hydration, concrete batching, grouting, dust suppression, drilling and piling. If companies mismanage this water use, they can increase their environmental impact. When the industry comes ...
20/11/2024
Edmond Shipway has been appointed to a pioneering initiative tackling homelessness in Greater Manchester, providing project management and cost consultancy services on the second phase of Embassy Village. Set to deliver 40 purpose-built homes for men facing homelessness in Manchester, Embassy ...
20/11/2024
West Sussex County Council is inviting residents to share their views on proposed transport improvements at the Hazelwick and Tushmore junctions on the A2011 Crawley Avenue. The proposals aim to make walking, cycling, and public transport more appealing for short journeys. This initiative is part ...