GMI Construction hails 'transformational' year after delivering new £45m Hyatt Hotel in Leeds
Yorkshire’s GMI Construction Group has hailed a “transformational” year after delivering major projects including the new £45m Hyatt Hotel in Leeds.
The Leeds-headquartered company has published its annual results for the year to September 30, 2025 in which it recorded stable turnover but increased profits.
Revenue stood at £233m compared to £232.3m the year before, but profit before tax more than doubled to £2.31m from a previous £1.04m while the amount of cash at bank increased from £19.3m to £22.5m.
The company said it had maintained good performance despite “continued volatility” for the construction industry influenced by factors such as cautious investor sentiment and supply chain pressures as well as delays to project starts connected to the legislation contained within the Building Safety Act.
It said it had been a “transformational year defined by consolidation, strengthened governance, and a renewed focus on operational excellence”.
The company added: “GMI has maintained a resilient performance, underpinned by prudent commercial decision-making, increased framework presence, deep rooted relationships with trusted clients, and a controlled risk profile, including selective bidding, robust gateways processes and establishment of the exceptional delivery model.
"The business has prioritised margin over volume, focusing on projects and clients with proven alignment to our delivery model. This selective approach delivered stable revenues and a strengthened pipeline across both existing and emerging markets.”
It highlighted the completion of the 12-storey Hyatt Hotel among its notable achievements.
Gareth Jones, Group Managing Director of GMI Construction, said the company has delivered well in the past 12 months.
“Against a backdrop of continued market volatility, this has been a year where our commitment to high standards of delivery has continued to prove successful,” he said.
"Our focus on disciplined project selection, operational excellence and predictable outcomes has translated directly into improved margins, stronger profitability and a further strengthening of our balance sheet.
“The results reflect the commitment and capability of our people, who continue to deliver complex projects safely, on time and to a consistently high standard for our clients.”
He added: “Our focus remains on disciplined, sustainable growth, underpinned by our exceptional delivery philosophy, a robust balance sheet and a high-quality forward order book.
"That positions GMI well as confidence begins to return to the market and opportunities start to accelerate.”
The company said it has £280m of turnover already secured for the current financial year, with a range of projects including student accommodation, hotels, mixed-use developments and industrial sites.