Three Northern Ireland companies were among the 12 businesses named as Deloitte Best Managed Companies for the first time at the firm’s annual awards event in Dublin, which is held in association with Bank of Ireland.
Leading hospitality group Beannchor, the owners of The Merchant Hotel, precast concrete and construction products maker FP McCann and precision hydraulic cylinder manufacturer Northern Hydraulics were awarded the Best Managed designation following a detailed qualification and judging process that evaluates the entire management team and their business strategy.
These companies join a network of 136 privately owned companies which were awarded the status of Best Managed this year, which includes a total of 27 Northern Ireland businesses, such as Creagh Concrete, Braidwater, Henderson Group and Around Noon.
The Best Managed Companies network this year has total revenues of almost €11bn (£9.4bn), export sales of almost €3bn and employs approximately 44,000 people.
In addition to new entrants and those that requalified as a Best Managed Company, 13 companies were presented with the “gold standard”, having secured Best Managed status for four consecutive years, including NI companies Denroy Plastics, Learning Pool, Combined Facilities Management and Novosco. A further 13 were awarded “platinum standard”, having won for seven years in a row, including Kestrel Foods and McCue Fit-Out.
Forty per cent of the Best Managed winners are Dublin-based, while Cork and Antrim accounted for 10 per cent and 9 per cent of the winners respectively. The list of winners come from a broad mix of industries including the manufacturing, engineering, technology and media, energy, financial services, life sciences, and healthcare sectors.
Glenn Roberts, Partner at Deloitte said: “Well done to the winning companies on their achievement. The Best Managed Companies process is a rigorous one, examining every facet of an organisation, and the bar is set high by our judging panel. As ever, the spread of companies across a number of industries underlines the importance of Irish and Northern Irish companies to the economy. At a time of economic and political uncertainty, technology disruption, an open competitive market and near full employment, the continued strong performance of these businesses is admirable. In the current environment, it is important for this contribution to be recognised, supported and showcased.”
Tom Hayes, Chief Executive, Bank of Ireland Corporate Banking said: “It’s a challenging time for businesses in general, with the operating environment consistently and rapidly changing, due to technological developments, new ways of doing things, and challenges on the macroeconomic horizon. The Best Managed Companies this year have demonstrated that they can optimise each area of their business while always operating with an acute awareness of their environment, recognising the opportunities of expansion into global markets, in addition to strategic alliances and partnerships. I look forward to their continued growth.”
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