WYG nosedives to £5.3m loss

By Hamish Champ2018-06-05T09:47:00

Consultant kicks off efficiency review after closing North Associates business and cost of legacy contracts sends firm into the red

Consultant WYG plunged into the red last year as the cost of closing its North Associates land and property business and increased provisions for legacy contracts took their toll.

North Associates was bought in 2015 but was hit by delays to the planned Moorside nuclear power station near Sellafield on the Cumbrian coast.

WYG said the cost of shutting the Carlisle-based business was £3.2m while its bill for legacy contracts went up £2.5m.

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