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Ireland’s Best Managed Companies Award winners have combined turnover of €17 billion and export sales of €3 billion, employing over 53,000 nationwide

14 September 2023

  • 130 businesses awarded the accolade in 2023, including eight new winners
  • Musgrave awarded Family Business Award
  • The network has grown from 25 to 130 companies over 15 years 
  • Minister for Finance, Michael McGrath T.D.: “I am delighted to see the remarkable achievements of these home-grown companies, who have demonstrated immense resilience, innovation, and commitment to sustainable growth.”

Eight new businesses have been awarded Ireland’s Best Managed Companies accolade at the 15th annual awards programme, led by Deloitte in association with Bank of Ireland. This year, Deloitte recognised 130 indigenous companies at the awards representing 24 of the 32 counties across the island of Ireland. 

The network of companies has a combined turnover of €17 billion and €3 billion of exports sales, providing employment for over 53,000 people across Ireland across a range of sectors – from manufacturing and tech to construction and food and beverage. A detailed judging process precedes the recognition, evaluating the entire management team and business strategy. The judges look beyond financial performance at areas such as a company’s environmental, social and governance standards, strategic planning and talent strategy, when awarding Ireland’s top privately owned businesses.

 In addition to the Best Managed Company Award, there are several other award categories with the Family Business Award going to Cork-based food wholesaler and foodservice company Musgrave Group. 

Brian Murphy, Lead Partner for Ireland’s Best Managed Companies Awards Programme at Deloitte, said: 

“This year we’re celebrating 15 years of the BMC programme and the incredible companies that have qualified. Even though this year’s cohort faced into another challenging period, over the past 15 years we’ve seen how indigenous Irish businesses find opportunities in change. Strengthening governance and recognising the value of specialist expert advice on critical areas such as ESG were key discussion points in the coaching sessions. We also saw companies increasingly focused on innovation driving internationalisation. Despite the uncertainties of the past few years, the confidence of Irish businesses is clear as more and more are scaling their market reach internationally.”

The eight newly qualified companies are: APC Ltd (Dublin), Codex (Dublin), JJ Rhatigan & Company (Galway), Kyte Powertech (Cavan), Lowe Corporation (Antrim), Mail Metrics (Dublin), Production Equipment Europe (Galway), and Topflight Travel Group (Dublin).

There were also 112 companies that requalified as a Best Managed Company, five companies achieved Gold Standard, and five companies were awarded Platinum Standard. 

Minister for Finance, Michael McGrath T.D., who spoke at the awards ceremony, commented: “I am delighted to see the remarkable achievements of these home-grown companies, which have demonstrated immense resilience, innovation, and commitment to sustainable growth. This year’s recipients of Ireland’s Best Managed Companies Awards, encapsulate the forward-thinking approach that defines Irish business.

“Despite challenging headwinds and uncertainty, the Irish economy continues to perform remarkably well and the contribution that these companies make cannot be understated — providing employment to over 53,000 individuals and contributing €3 billion to our export sales. The businesses showcased here are emblematic of the resilience of our people and the underlying strength of our economic fundamentals.”

Senior Director Nikki Canavan, Head of Origination & Sustainability, Bank of Ireland Corporate Banking said:

“Bank of Ireland is delighted to be the Lead Sponsor of the Deloitte Best Managed Companies Awards for the sixth consecutive year. Once again this year our judging team has been extremely impressed by the resilience and flexibility displayed by businesses who have successfully navigated the choppy waters of the Irish commercial landscape. These businesses have also integrated sustainable practices into their everyday operations, embracing new challenges and deploying targeted resources as their business models evolve. I want to congratulate every one of this year’s winners, especially the 8 new first-time winners, and wish them sustained success into the future.”

The members of this year’s judging panel were: Frank Ryan (Chair of Judging Panel) and current Chairman of the Board of IDA Ireland; Nikki Canavan, Senior Director at Bank of Ireland Corporate Banking; Feargal Mooney, Non- Executive Director and former CEO of Hostelworld Group; Sarah Murphy, CEO, Business Post; Colm Foster, Director of Executive Education at the Irish Management Institute; Ellvena Graham OBE, Chairman and Non-Executive Director, Ellvena is Chair of the Belfast Waterfront, ICC & Ulster Hall, Chairman of the Economic Advisory Group (EAG) in Northern Ireland, member of Senate & Senior Independent Governor of Queen’s University, Non Executive Director Dale Farm, and Chairman Catalyst; Lionel Alexander, Chairman Intact Software, Board Member Fine Grain Property, Board Member at St. James's Hospital Dublin and Chairman Advanced Manufacturing Centre Ireland.


Company County
APC Ltd Dublin
Codex Dublin
JJ Rhatigan & Company Galway
Kyte Powertech  Cavan
Lowe Corporation Antrim
Mail Metrics Dublin
Production Equipment Europe Galway
Topflight Travel Group  Dublin

The Gold Standard (four years as a Best Managed Company)
winners are:

Company Country
Burnside Eurocyl Limited Carlow
Enet Limerick
Frylite Solutions Tyrone
The Ard Ri Kerry

The Platinum Winners (seven years as a Best Managed Company)

Company County
2468 Group  Meath
Acorn Life DAC Galway
Flynn  Dublin
McAree Engineering Monaghan
Seopa Antrim


Issued by Murray on behalf of Deloitte

For further information contact:

Georgina Francis
087 941 0067  

Martin Phelan
087 941 0067

Notes to Editors

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 Club: 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.                           

 The Family Business Award in association with the Family Business Network Ireland, is a separate individual award category. This award honours a family business within the network that has stood out in how they have demonstrated resilience throughout their years in business.

About the 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 process that evaluates the calibre of their management abilities and practices.

Programme sponsors are Bank of Ireland, the IMI and the Business Post. For further information, visit

International History of Best Managed Companies Programme

The Best Managed Companies Programme originated in Canada in 1993, where it has been run successfully ever since and is the country’s leading business awards programme. In addition to Ireland and Canada, the programme is currently run in a total of 48 countries including China, The US, Southeast Asia, The Netherlands, Belgium, Germany, Denmark, Czech Republic, Italy, Sweden, Norway, Türkiye, Mexico and Chile.

About Bank of Ireland

 Bank of Ireland’s purpose is to enable its customers, colleagues and communities to thrive. The Group is one of the largest financial services providers in Ireland, offering a wide range of banking and other financial services and operating Ireland’s largest retail branch network. In the UK, the Group has long-established partnerships with the Post Office and the AA providing consumer financial services. The Group’s international business is conducted by its Corporate Banking and Global Markets teams operating from Dublin, London, and offices in continental Europe and the United States. 

About Deloitte

At Deloitte, we make an impact that matters for our clients, our people, our profession, and in the wider society by delivering the solutions and insights they need to address their most complex business challenges.

As the largest global professional services and consulting network, with approximately 415,000 professionals in more than 150 countries, we bring world-class capabilities and high-quality services to our clients.

In Ireland, Deloitte has approximately 3,000 people providing audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. Our people have the leadership capabilities, experience and insight to collaborate with clients so they can move forward with confidence.

In this press release references to Deloitte are references to Deloitte Ireland LLP. The information contained in this press release is correct at the time of going to press. Deloitte Ireland LLP is the Ireland affiliate of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). DTTL and each of its member firms are legally separate and independent entities. DTTL and Deloitte NSE LLP do not provide services to clients. Please see to learn more about our global network of member firms.