WYG (WYG) has had a bumpy ride over the past 12 months; reported profits for the March year-end were hit by a series of charges, including a write-down on the value of goodwill, which meant operating profit fell by a third to £1.6m. But these full-year results should mark the turning point for the project management and consultancy group. After announcing that it was open to takeover approaches in January, management has decided to go it alone - unsurprising given that the group's order book is up by a fifth to £105m. Things are looking up.
In September, The group's core UK business acquired Alliance Planning, which has been immediately earnings enhancing. Post year-end the business also purchased specialist transport and infrastructure consultant FMW. Revenue for the UK increased 15 per cent to £83.9m.