The global management and technical consultancy, WYG plc, has reached an agreement to buy back all three of its Northern Ireland subsidiaries securing the jobs of about 90 employees in Belfast.
Over the past four months or so the WYG business in Northern Ireland has secured new contracts worth in the region of six million pounds across its three divisions, including engineering services for the new Omagh Local Hospital and is looking forward to building on that position going forward.
The agreement follows the appointment last month (August) of a provisional liquidator to its business in the Republic of Ireland by the Leeds-headquartered company. Now, the provisional liquidators have informed WYG that they will be seeking court approval of their formal appointment and that, conditional upon their appointment, they have agreed to sell WYG all three of its subsidiaries in Northern Ireland which have continued to trade profitably. The agreement will thereby secure the jobs of the employees at its Belfast-based offices, situated just off Montgomery Road in Castlereagh.
Head of WYG in Northern Ireland, Michael Scott, said: The Northern Ireland business is self sustaining and has a strong and steady pipeline of work to see us well into the future. This includes several prestigious public sector developments, most notably, the new Omagh Enhanced Local Hospital. The 27,882m² new facility is on the site of the Tyrone & Fermanagh Hospital and is currently lodged for Planning Approval. WYG Engineering (NI) Ltd is providing the M&E Engineering services for this project.”
Recently the NI business also won a significant framework contract to provide quantity surveying; civil & structural engineering and mechanical & electrical engineering work to the Belfast Health & Social Services Trust which runs until 2016 and has also been appointed as Project Manager for the significant re-development of Foyle & Londonderry College. Meanwhile its Water Wastewater Engineering Division is engaged in delivering design and project management services for NI Water. Whilst their geo-environment division is working on a number of new initiatives including the contaminated land risk assessment, remediation design, procurement and management of the Fort George Remediation project in Derry as well as with DARD on the installation of approximately 300 private borewells to residential properties not serviced by Mains water.