WYG eyes acquisitions after positive six months

摘要

Consultant WYG has said it is "actively reviewing a number of acquisition opportunities", after posting a return to a half-year pre-tax profit over the six months to September 2015, writes Louise Dransfield. WYG posted pre-tax profit for the period of £2.1m, compared to a £416,000 pre-tax loss the previous year. Over its last full financial year to J&ne 2015, WYG posted a £1.4m pre-tax profit. The firm has made a number of recent acquisitions - including consultant North Associates in October. Chief executive Paul Hamer said a newly secured £25m bank facility would help it make further acquisitions "in support of our aspiration of building towards a profit before tax of £15m by 2018". WYG said strong performance in the UK - which makes up 74% of its revenue - boosted the firm's profit over the half-year period. The firm posted unchanged revenue of £62.3m.