WYG has reported a 拢1.8m pre-tax profit for the year to 31 March 2014, turning around the previous year鈥檚 拢3.3m loss. 聽Revenue was stable at 拢126.9m (2013: 拢125.7m).
There was particular momentum in the second half of the year, which saw 聽adjusted pre-tax profits reach 拢2.8m, double the first half鈥檚 拢1.4m.
As at 31 March 2014, WYG鈥檚 order book stood at 拢86.8m (2013: 拢77.6m), which is made up of UK orders of 拢45.0m (2013: 拢29.3m) and international orders of 拢41.8m (2013: 拢48.3m).
Chief executive Paul Hamer said: 鈥淚n the UK, the government's investment in major infrastructure projects is creating buoyancy in the market which is spreading into the private sector.聽 In particular, its support for the house building sector is having a positive effect on our core, front-end disciplines of planning and commercial development.鈥�
The UK region generated revenue of 拢72.9m last year (2013: 拢74.9m) with an operating profit before separately disclosed items of 拢1.9m (2013: loss of 拢0.2m).聽
Mr Hamer said: "We have made considerable progress during the year, with our focus on generating quality revenues delivering a strong increase in profits and a substantial uplift in our order book.
"WYG is now in better shape than it has been for several years, with a highly differentiated consultancy offering, a financial structure which fully supports its potential, and clear momentum in its order book.鈥�
Got a story? Email news@theconstructionindex.co.uk
