ISG administrators recover £46m from debts and legal claims

Timothy Vance and Alan Hudson of EY, administrators of collapsed construction contractor ISG, have recovered £45.5 million from debtor balances and legal claims, nearly four times the £11.4 million originally estimated by management, including £7 million in the latest six-month reporting period and a £10 million legal settlement, with a further £1.6 million received following an adjudication decision, while high-value litigation and efforts to recover intercompany debts continue under administrations recently extended to September 2028.

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