DESIGN and engineering consultancy WYG reported strong trading in 2014 and said it expects pre-tax profits to be 10 per cent higher than current market expectations for the full year to March 31.
The Leeds-based group said the economic recovery in the UK is stimulating activity across many sectors and the outlook for consultancy is encouraging.
In addition, new opportunities are emerging in overseas markets.
However the delay in agreeing the next seven year EU budget has had a knock-on effect on the pipeline for new work in Poland and Turkey.
It said work with Government departments such as the Ministry of Defence is growing and it is strongly positioned to secure new contracts across the Department for International Development‘s Fragile and Conflict Affected States framework, with a particular focus on Africa.
WYG said it has been successful in re-tendering all four of the major UK frameworks that were re-let last year. and it is confident it will secure further major frameworks in the near term.
Paul Hamer, chief executive of WYG, said: “This has been another positive period for WYG. Against the backdrop of an improving trading environment, we have won important new business, improved the scale and profile of our order books, and further strengthened our business through acquisition.”