22 new companies join Deloitte Best Managed Companies network as awards celebrate 10 years

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22 new companies join Deloitte Best Managed Companies network as awards celebrate 10 years

22 new companies have joined the Deloitte Best Managed Companies network as the awards programme celebrates its 10th year. These companies join a requalifying network of more than 100 companies, built over a decade of the programme. The awards, in association with Bank of Ireland, culminated with the Best Managed Companies Awards symposium and gala, which was attended by over 1,000 people from the Irish business community.

The 22 new entrants were awarded their Best Managed status following a detailed qualification and judging process. This took into consideration the complete performance of the business, looking beyond the finances at criteria such as operational excellence, strategy and human resource processes.

Five of the new award winners were singled out for special recognition – PFH Technology Group was commended for best submission in Strategy, Phonovation Limited for Capability, and AROUND NOON for Commitment. These criteria are the three cornerstones of the Best Managed Companies Awards submission. Meritsoft was recognised for Best Overall Submission. Codd Mushrooms was the recipient of the annual IMI Award, and was commended for their business model execution and sharp focus.

Commenting, Deloitte Partner, Anya Cummins said:
“2018 marks the 10th year of the Deloitte Best Managed Companies Awards programme, which has grown from 25 companies in year 1 to 137 in year 10. The programme represents companies from different industries with many industry-specific challenges but also common characteristics such as adaptability, innovation and ambition. Their stories are the stories of Irish business this past decade, and they are stories of resilience, recovery and confidence. We’re particularly proud to recognise those who have been in the programme since it began in Ireland, and whose performance across all key functions of their business has excelled.”

Andrew Graham, Director, Bank of Ireland Corporate Banking said:
“The Best Managed programme puts the spotlight on well managed companies that are generating strong returns, as well as growing their businesses through investment in technology, a customer centric approach and commitment to developing leaders of the future. The process and frameworks used by these businesses continues to serve them well in adapting to and succeeding in the dynamic and ever evolving global markets in which they now compete. We have been really impressed by not only the breadth of businesses but also their ambition, drive and determination. I have no doubt that they will continue to set the benchmark for excellence in the years to come and we wish them continued success.”

Of the 137 companies recognised this year, Dublin, Cork and Antrim dominated the winners’ list. 40% of winners are Dublin-based, while Cork and Antrim both yielded approximately 10% of the winning companies. Overall however, 26 of the 32 counties were represented, showing the wide spread of business excellence around Ireland.

About the awards

There are four different categories of Best Managed Companies award winners:

  • New Best Managed Companies: Companies that receive the award for the first time.These companies must go through a Phase I and Phase II Best Managed Companies Awards Programme application process.
  • Gold Standard: Best Managed Companies that receive the award for the fourth year in a row. These companies must go through a Phase I and Phase II Best Managed Companies Awards Programme application process.
  • Platinum Standard: Best Managed Companies that receive the award for the seventh year in a row. These companies must go through a Phase I and Phase II Best Managed Companies Awards Programme application process.
  • Re-qualifiers: Best Managed Companies, already in the programme that are not going for new, gold or platinum status. Companies applying for requalification must satisfy the programme eligibility criteria and go through a requalification review process in order to ensure that the companies continue to uphold the Best Managed standard.

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: 21/03/2018