Contractor replaces ISG on leisure job – amid payment crisis in supply chain
ISG supply chain could be facing an initial hit of more than £180 million.
ISG supply chain could be facing an initial hit of more than £180 million.
Gary Jamieson steps into the role from his prior position as senior M&E project manager at the Banbridge-headquartered company.
Revenue for the South East contractor for the year ended 30 September 2023 was £403.1 million, down from £435 million in the prior period.
Rosie Toogood will join the company in her newly created position, following her most recent role as CEO of Legal & General’s Modular Homes business.
It concludes negotiations with subcontractors started in October last year for 10 per cent reductions on packages.
Homebuilder Berkeley Group has pledged to support its supply chain amid falling construction output and increasing numbers of contractor insolvency.
Turnover for the Port Talbot-headquartered company for the year ended 30 June 2023 increased 39 per cent on the previous financial year.
Building material price and supply chain issues impact listed building rebuild costs and insurance.
Construction firms in the UK have gone under at the highest rate in a decade.