Ballast was put in administration in October after its Dutch parent decided to halt financial support. This led to lost fees and unpaid bills for many subcontractors.
Chairman Gareth Cooper disclosed this when he announced the firm's interim results this week. He said: "Negotiations are well advanced with the contractors taking over the relevant contracts, for which WYG holds intellectual property rights relating to design."
In the six months to 31 December, WYG made a pre-tax profit of nearly £2.5m, an increase from less than £2.2m in the second half of 2002. Turnover rose £4.3m to more than £40.1m.
Negotiations are well advanced with the contractors taking over the relevant contracts
WYG chairman Gareth Cooper
The dividend payment was increased 7% to 2.2p.