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ISG has announced plans to launch across the pond in its first set of results after being bought for 拢84m by US private equity firm Cathexis last February.

The contractor - which also operates in Asia, the Middle East and central Europe - said it intends to follow a number of its 鈥渋nternational repeat clients鈥� by launching in the US sometime in 2017.

ISG said it had already lined up a pipeline of schemes to work on in the country.

In results filed at Companies House for the ten months to December 2016, ISG posted pre-tax profit of 拢4.8m on revenue of 拢1.3bn.

Without 拢26.1m of exceptional costs - including 拢4.7m of restructuring costs and 拢800,000 of costs related to the takeover - ISG posted underlying pre-tax profit of 拢25.5m for the period.

ISG delisted from the AIM stock exchange shortly after its takeover by Cathexis last year. In its last available set of results as a listed firm, for the year to June 2015, it posted a pre-tax loss of 拢12.9m on 拢1.6bn revenue.

Paul Cossell, chief executive of ISG, said the firm was 鈥渨ell positioned for growth鈥� after what he described as a 鈥渕omentous year鈥�.

At the end of 2016 the firm had a forward order book of 拢1bn and was looking to increase market share in the technology, science and health sectors.

ISG was also bullish about prospects for the fit-out market in London, in spite of Brexit. The firm said in its results: 鈥淏rexit has had very little real effect on ISG鈥檚 pipeline. In fact, the market looks set to continue to grow, with Apple鈥檚 choice to move to Battersea and Wells Fargo purchasing their London headquarters building almost immediately after the result.

鈥淓qually the vast majority of the leading international banks, some of whom had initially suggested that they may consider re-locating workforces from London, maintained their planned schemes.鈥�

During the period the firm completed the largest fit-out project of 2016 with interiors for Swiss banking giant UBS in the Broadgate complex in London.

ISG said it had taken steps to simplify its construction business, including restructuring it into three divisions - Southern, Western and Northern and Scotland - and largely closing its London luxury residential business.

The group鈥檚 engineering services division 鈥減erformed well鈥�, the firm said, boosted by further 鈥渉yper-scale data centre鈥� wins in continental Europe.

However, ISG admitted it had had to weather 鈥渢ougher鈥� trading in Asia and 鈥渃hallenging鈥� market conditions in the Middle East.