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

• 137 companies achieve Best Managed status in 2018
• Total turnover of Best Managed companies now over €12bn
• 26 of the 32 counties were represented by winning companies

22 new companies have joined the Deloitte Best Managed Companies network as the awards programme celebrates its 10^th 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:

Andrew Graham, Director, Bank of Ireland Corporate Banking said:

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.

You can view the full list of winners here.

The 22 first-time winners

The following companies are celebrating a decade as Best Managed companies:

In addition to the new entrants and those that have featured every year since the programme began, 13 companies were presented with a “gold standard” accolade, having secured Best Managed status for four consecutive years, and 14 companies were awarded “platinum standard”, having won the award for seven years in a row.

Issued by Murray on behalf of Deloitte 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.

To learn more about the winning companies for 2018, view our Best Managed Companies supplement that featured in the Sunday Business Post.