According to Construction News, sector experts have warned that contractors may find it harder to access finance as providers reassess risk in the wake of ISG’s collapse (the £2.2 billion turnover firm – ranked 6th in the latest CN100 rankings – called in administrators from Ernst & Young in September). James Burgess, Head of Commercial at Atradius, said ISG’s collapse “underscores the challenges the sector is facing, with insolvencies rising and confidence being tested.” He warned that trade credit insurance premiums may increase, with ripple effects through supply chains. “Access to funding may also tighten in the short term as lenders adjust to these changes,” he said. “However, companies with strong financial health could find themselves in a better market position.” To read Construction News’ article, go to https://www.constructionnews.co.uk/financial/isg-collapse-may-tighten-access-to-finance-experts-warn-30-09-2024/.