ISG Limited: Insolvency

(asked on 24th October 2024) - View Source

Question to the Ministry of Justice:

To ask His Majesty's Government what assessment they have made of the value of retention payments which (1) have been withheld, (2) have been released to suppliers, and (3) are still being held in relation to completed projects undertaken by ISG Limited for the Ministry of Justice.


Answered by
Lord Timpson Portrait
Lord Timpson
Minister of State (Ministry of Justice)
This question was answered on 30th October 2024

Since ISG Construction Limited entered administration on 20 September, the Ministry of Justice (MoJ) has undertaken a range of activity to understand the full impact on the Department and the supply chain in the construction sector. This has included working with EY, the appointed Administrator, to ensure the sums remaining within Project Bank Accounts are correct. The Department is in contact with a large number of subcontractors to ISG to determine what, if any, direct assistance the MoJ is able to provide. The Department remains committed to the timely payment of invoices in line with our obligations to do so.

The MoJ is undertaking a review of all potential payments arising from ISG entering administration, but given the scale and complexity of the task, this work is not yet complete.

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