The Rise & Fall of ISG: What Really Happened | Andrew Curtin

Episode #054 | Andrew Curtin

In this topical episode of the Construction Sport Podcast, host Steve sits down with Andrew Curtin, founder of Construction Wave, to unpack one of the biggest stories in UK construction - the rise and fall of ISG.

Once a huge construction powerhouse behind major UK projects, ISG went into administration in September 2024. Andrew’s article exposed how data, hierarchy, and decision-making led to the company’s collapse - and how the industry responded.

🔵 Check out Construction Wave: https://constructionwave.co.uk/

🔵 Connect with Andrew on LinkedIn: https://www.linkedin.com/in/curtinandrew/

🔴 Watch on YouTube! - https://youtu.be/6seAPUo-yuM

🟢 Listen On Spotify! - https://open.spotify.com/episode/6kxUdhkUsieEpwyo7ScrW2?si=8_1hkjT_RNCvBBk0nVHPTg

🟣 Listen on Apple Podcasts! - https://podcasts.apple.com/us/podcast/the-rise-fall-of-isg-what-really-happened-andrew-curtin/id1778487912?i=1000736415492

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⏲TIMESTAMPS:

00:00 Intro! Life at Construction Wave & CFO Summit + Tick-boxing Mental Health?

07:02 The rise & fall of ISG: How Andrew’s article came about

11:06 How ISG Began & Key Projects + Steve’s UKREiiF event experience

18:50 Closing their Residential Business & Poor Data Centres + Hierarchy Issues

24:14 Rebounding under new ownership + Losing a 3 Billion-pound factory project

32:22 Gross profits vs turnover, company assets, & the ‘beginning of the end’

39:52 What are some good things that Steve is seeing in the industry? + On-Site Content

46:20 Negative news is what thrives + the huge effect of a company going under

50:32 ISG’s last few straws on the camel’s back + Invoice financing

58:22 Final takeaways on ISG: Were they really a bad company? + Ashville Aggregates

01:03:47 Andrew’s final thoughts & comments + What’s next for Construction Wave

01:08:03 Outro

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