44,000 people now employed by Deloitte Best Managed Companies nationwide

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44,000 people now employed by Deloitte Best Managed Companies nationwide

12 new companies have been named as Deloitte Best Managed Companies at the annual awards gala in Dublin, held in association with Bank of Ireland.

The companies were awarded this designation following a detailed qualification and judging process that evaluates the entire management team and business strategy in some of Ireland’s top privately owned businesses, looking beyond financial performance at criteria such as operational excellence, strategic planning, governance and talent strategy.

These companies join a network of 136 companies which were awarded the status of Best Managed this year. The Best Managed Companies network this year has total revenues of almost €11 billion, export sales of almost €3 billion and total employment of approximately 44,000 people. 

In addition to the new entrants and those that have requalified as a Best Managed Company, 13 companies were presented with the “gold standard” accolade, having secured Best Managed status for four consecutive years, and 13 were awarded “platinum standard”, having won the award for seven years in a row.

This year, 27 of the 32 counties are represented by the winning companies, showing the wide spread around Ireland. 40% of the winners are Dublin-based, while Cork and Antrim accounted for 10% and 9% 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.

Anya Cummins, Partner, Deloitte said: “Well done to all of 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, right around the country and across a number of industries, underlines the importance of Irish and Northern Irish companies to the economy and in the midst of economic uncertainty, technology disruption, an open competitive market and 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.”

This year’s judging panel members were Frank Ryan, Chair of the Judging Panel; Brendan Jennings, CEO, Deloitte Ireland; Tom Hayes, Chief Executive, Bank of Ireland Corporate Banking; Siobhan McAleer, Commercial Director at the IMI; Rose Hynes, Chairman of the Shannon Group Board and Origin Enterprises; and Feargal Mooney, former Chief Executive Officer of HostelWorld.

The 12 first-time winners are:

Company County
Beannchor Group Antrim
Chanelle Pharma Galway
CMS Distribution Mayo
Drover Foods Ltd Wexford
FP McCann Derry
Gourmet Food Parlour Dublin
Insomnia Coffee Company Dublin
Northern Hydraulics Ltd Tyrone
Sonas Bathrooms Dublin
SONICA Dublin
Walls Construction Limited Dublin
WaterWipes Louth

About Deloitte Best Managed Companies Awards

The Deloitte Best Managed Companies programme, in association with Bank of Ireland, promotes and recognises excellence in Irish/Northern Irish owned and managed companies. It is the only awards scheme on the island of Ireland that considers a business’ performance from every perspective. Entrants to the programme will compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.

Programme sponsors are Bank of Ireland, the Irish Management Institute and the Sunday Business Post. For further information, visit www.deloittebestmanaged.ie.

Article Published: 05/03/2019