The firm this morning said this could include a sale, merger or significant acquisition to give it critical mass to exploit a pipeline of growth opportunities.
Since its financial restructuring was completed in July 2011, WYG has achieved a turnaround in profitability and developed a strong international capability with opportunity for future growth.
A statement from the board this morning said: “WYG is enjoying strong growth in its project pipeline and is creating almost more opportunities than it can readily service directly using its existing model of organic growth, supplemented by smaller bolt-on acquisitions and partnerships.
“Against this background, the Board of WYG recognises that this strategic review may or may not conclude that, given its current relative scale, being part of a larger business or expanding the scale of its current operating platform would provide significant advantages and better position the company to take full advantage of its growth potential.
“At this stage, however, all options available to the company are being considered.”
The review will look into several options including a strategic partnership, merger or acquisition, sale of WYG or new bank facilities to expand.