NG Bailey returns to profit despite engineering arm losses

Independent M&E specialist NG Bailey has returned to profitability after last year’s £4.4m loss from stable revenue of just over £507m.
For the year ended February 2022, pre-tax profit recovered to £3m, although the business had to endure further losses from the main engineering arm.
NG Bailey’s services division recovered quickly following the impact of the pandemic with increased turnover and profitability. Collectively the underlying operating profit, excludi