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WYG hit by ‘paralysis’ in public and private sector

04 October 2010
Mike McTighe - very challenging short-term future for White Young Green
Mike McTighe - very challenging short-term future for White Young Green

 

White Young Green has issued one of the most downbeat results statements from an engineering consultancy since the start of the economic downturn. Chairman Mike McTighe stated that WYG faces a “very challenging short term future,” blaming a “paralysis” across its public and private sector markets.

The consultancy, which was saved from collapse by its lenders’ agreeing to a debt-for-equity swap in January, saw large falls in revenue across all its core UK markets...

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