Although the number of larger projects has fallen, the fit-out specialist鈥檚 order book for delivery in the current financial year has been maintained at 拢520m, up from 拢502m at this time last year. The Total order book stand is down a little at 拢700m, compared to 拢755m this time last year.
ISG directors say that the balance sheet remains sound, with 拢30m net cash.
The London Fit Out business has seen 鈥渁 steady pipeline of opportunities of small to medium sized projects鈥� though bidding is fierce and margins tight.聽 The Retail Fit Out and Food Retail businesses, through their focus on financial and food retail sectors, have received strong allocations under their frameworks for the calendar year 2011.
The company鈥檚 UK Construction business is also expected to maintain revenues at last year鈥檚 level, but at lower margins.
Overseas, it has seen a strong recovery in the Parisian office market, and has been busy across Europe.聽Demand in the UAE has increased, while Asia is steady.
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