WYG has posted its full year results to the end of March 2016, reporting an all-time high order book of £150M despite an ‘EU budget hiatus’.
Overall revenue was up 2% to £133.5M and profit before tax was up 23% to £7M. Its order book was up 43% to £150M at 31 March 2015. The results come after the company held a strategic review.
“We are pleased to report on another successful year for WYG in which we have seen continued strong profit growth and a very significant increase in our order book despite the first half of the year being held back by the EU budget hiatus,” said the company in a statement.
However the board has said that it does not think the business will be affected by the Brexit referendum.
The firm also announced the appointment of Iain Clarkson as chief financial officer. Clarkson was most recently finance director of Amec Foster Wheeler’s clean energy Europe business from 2012 to 2016.
Last year WYG bought FMW in a move to enable it to gain a stronger foothold in the transport market across the South West and Wales.