WYG has reported a rise in revenue despite project delays due to the upcoming General Election.

In its final results for the year, the consultancy saw revenue grow 14% to £151.8 million (2016: £133.5m). However, Group pre-tax profit slipped from £2.2m to £1.6m, with £4m costs associated with restructuring the business in line with its strategic growth plan and the closure of certain Polish operations.

On its current trading and outlook, WYG said: "We continue to believe that our UK business will benefit from the opportunities flowing from our public and private sector clients as a result of ongoing economic growth, a dynamic global and political backdrop and the agility we offer, enabling us to win business from larger competitors.


"UK government and infrastructure spending, which are the main drivers of our front-end planning and consultancy business, have remained resilient albeit with the process of formalising some contractual commitments temporarily curtailed by the UK General Election.

"However, we were encouraged by the proposals contained in the Autumn Statement and the Spring Budget and all the UK's major political parties appear committed to continued increases in the level of infrastructure spending."

Chief Executive Officer Paul Hamer said: "Despite a temporary curtailment in the process of formalising some contractual commitments as a result of the UK General Election, we have started the current year well having already won a significant contract in Africa and places on two major UK frameworks.

"The opportunities we are seeing in our core consultancy services and international development markets, combined with our initiatives to drive efficiency and resilience across the Group, leave us in a strong position from which to deliver good growth in the current year."

(LM/MH)