GMI Construction edges back into profit

Leeds contractor GMI Construction Group edged back into profit last year after a focus on ‘controlled consolidation’ following strong revenue growth at a cost to profitability in 2022.
In the year to September 2023, revenue fell back 9% to £328m but efforts to reduce risk on jobs helped GMI generate a £0.9m profit followinga £2.3m loss in the prior year.
Presently, the group operates in four regions across the North of England and Midlands and has improved average c