Longford developer GEM nearly doubles revenues to €80m in 2022

Details in the company’s latest accounts show the Fay family’s stake in the company has dropped to 80 per cent

GEM Construction recently completed 96 social homes in Dunshaughlin, Co, Meath Source: GEM

GEM Construction, the Longford-based building firm, almost doubled its revenues in 2022.

New financial accounts for the construction company show it made more than €80.1 million in the 12-months to the end of June 2022, compared to €43.2 million the previous year.

The records show it made a €3.5 million profit after tax during the year, more than double the €1.3 million registered by the firm in 2021. GEM also recorded €9.8 million cash at ...