Hamer: WYG is back in business

摘要

Paul Hamer, chief executive of consulting engineer WYG, has spoken of the "huge difference" its restructured balance sheet has made when bidding for work.rnThe deal, which was voted through by shareholders last month, cut its debt pile in half to about ￡50m in return for giving its banks a 60% stake in the company.rnSpeaking after WYG announced its results for the six months to 31 December 2009 last week, Hamer said the fact that debt was at a "sustainable level" following its refinancing deal had had a positive effect.