Deloitte has today launched its 2023 Best Managed Companies Awards programme and is encouraging ambitious Northern Ireland businesses across all sectors to apply.
Now in its fifteenth year, the programme, which is sponsored by Bank of Ireland, celebrates the hard work, passion and tenacity of indigenous businesses and their management teams.
The Best Managed Companies network currently comprises 136 companies across a variety of sectors, including 30 based in Northern Ireland. The network of companies has a combined turnover of €13.9 billion and provides over 51,000 jobs on the island across a range of sectors – from retail and hospitality to manufacturing and construction.
Nine new companies were added to the list last year, including three from Northern Ireland: innovative Larne-based quarry and mineral processor Kilwaughter Minerals; specialist building façade designer and manufacturer Clarke from Ballymena; and Newry-headquartered waste management group Re-Gen Waste.
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Aisléan Nicholson, Lead Partner for the Best Managed Companies Awards Programme at Deloitte in Belfast, launched this year’s programme at the headquarters of Strabane-based cooking oil supplier Frylite, which first achieved Best Managed status in 2020.
Aisléan said: “We’re consistently impressed with the standard of applications for our Best Managed Companies programme and I’m excited to see the calibre of businesses who come through this year. The Best Managed process is rigorous and challenges the management teams to demonstrate strategic thinking and ambition.
“Over the last 15 years we’ve seen great change in what constitutes a best managed company but one trait we continue to see in successful businesses is their ability to adapt strategies based on their external environment. Northern Ireland companies in the network have continued to go from strength to strength and we hope to welcome more new entrants this year.”
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Applicants to the programme can expect to receive dedicated coaching from Deloitte and Bank of Ireland. The application process provides participating companies with the opportunity to analyse their entire business, including performance, management practices and goals, which is a vital exercise for any company.
Danielle Whoriskey from Bank of Ireland said: “We are looking forward to seeing Northern Ireland companies continue to demonstrate that they are ambitious and worthy of being named Best Managed Companies. As businesses face new and growing challenges, it is more important than ever that management teams show agility and long-term strategic thinking as they lead their companies. We’re excited to celebrate and reward their innovation and resilience.”
The closing date for Phase 1 entries is Friday 24th of February. Companies that progress to Phase 2 of the application process will be notified in March, with the winners to be officially announced at the annual Gala Awards in September 2023.
Source: Written from press release
