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ISG confirms appeal over £5m OFT cover pricing penalty

Interior Services Group has announced it will appeal the £5 million fine levied against its subsidiary Pearce Construction in the Office of Fair Trading’s cover pricing inquiry.

The contractor said: “ISG today announces that its subsidiary, ISG Pearce, has submitted an appeal to the Competition Appeal Tribunal in respect of the quantum of fine imposed, the methodology in which the fine was calculated and its inclusion as an entity responsible for the infringement.”

The firm was one of 103 fined a total of £130 million in September following one of the watchdog’s biggest ever inquiries.