Construction News
02/04/2019
ISG Celebrates Landmark Annual Turnover Of £2.2bn
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)
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)
17/01/2025
Leeds Trinity University has officially opened its newly refurbished City Campus at 1 Trevelyan Square in Leeds.
Completed by GRAHAM Interior Fit-Out, the transformation of the central Leeds site introduces state-of-the-art facilities designed to improve learning and collaborate with industry partn
17/01/2025
Trammell Crow Company (TCC) has secured planning permission for a Grade A logistics scheme in Heywood, Greater Manchester, following a successful planning appeal.
The development will feature two state-of-the-art industrial and logistics buildings. One building will house two units measuring 4,796
17/01/2025
Poole-based developer AJC Group has celebrated a record-breaking 2024, delivering 100 affordable homes, a significant increase from the 72 units completed in the previous year.
Since 2023, AJC Group has completed and handed over 172 affordable homes across five sites.
In 2024 alone, the developer
17/01/2025
Plans for one of the most ambitious parks projects in London have taken a significant step forward, with Haringey Council securing nearly two additional acres of land around The Paddock nature reserve in Tottenham Hale.
The agreement with Thames Water marks a major milestone in the transformation o
17/01/2025
Islington Council has unveiled two draft guidance documents aimed at helping residents, businesses, and developers combat climate change by making buildings more energy efficient and fostering a greener, healthier borough.
The consultation seeks feedback on the draft Climate Action Supplementary Pl
17/01/2025
The City of Wolverhampton Council has unveiled a £98 million investment plan over the next five years to develop around 500 new homes across the city.
The proposal, part of the Housing Revenue Account (HRA) Business Plan, received Cabinet approval this week and now moves to Full Council for final
17/01/2025
Croydon Council has announced a significant milestone in the redevelopment of the Purley Pool site, with revised proposals submitted for a new leisure centre, later living housing, and the regeneration of the surrounding area.
A planning application for the site was initially submitted in 2024, pro
17/01/2025
The City of Wolverhampton Council has announced that demolition work has commenced on the New Park Village estate, marking the start of a major £40 million redevelopment project to transform outdated council housing.
Contractor DSM Demolition has begun pulling down poor-quality bungalows on Valley
17/01/2025
Hillingdon Council has acquired 12 new homes at Carpenters Court in Uxbridge.
Leader of Hillingdon Council, Cllr Ian Edwards and Cllr Steve Tuckwell, Cabinet Member for Planning, Housing and Growth, visited the site to officially mark the handover of the properties from local developer Kearns Devel
17/01/2025
Organisers of UK Construction Week (UKCW) have announced another major coup for the show's 10th anniversary year, with the news that UKCW London will be co-locating with the 14th edition of The Stone Show & Hard Surfaces, the principal industry event for surface design.
Established 26 years ago, th