Best-managed companies continue to buck trend
FEEDBACK from companies that have been recognised as Ireland's best managed by Deloitte.
Over the last five years, including the Sam McCauley Pharmacy group, shows that they are continuing to buck the trend in difficult economic conditions. In fact, indigenous Irish companies awarded the Deloitte Best Managed Companies accolade have created over 350 jobs in the past year in Ireland.
A number of Best Managed Companies also reported significant investment in new technologies and production facilities, ambitious domestic and overseas expansion, and the securing of substantial new contracts.
In the last month alone, 250 new jobs have been announced by Best Managed company Noonan. It has increased its workforce by 250 people, with the awarding of several prestigious new contracts. Wexford's Sam McCauley pharmacy group also increased its workforce by 50 people to 550 in the past year. A further ten people have also been employed through their new wholesale division, Continental Pharmaceuticals Limited. Sam McCauley has opened three new stores in Cavan, Carlow and Clonmel. Other Best Managed Companies have also recorded significant deals and new contracts in the last 12 months. Southwestern was awarded a £7million contract with the UK Department of Agriculture, and a €6million contract with Failte Ireland.
The Now Factory has won two major contracts with members of the Vodafone Group, and TVM were host broadcasters for the recent G8 Summit in Fermanagh, providing coverage to over 120 news organisations.
Kevin Sheehan, Partner, Deloitte said the impressive achievements of these companies are proof that investment and expansion are top of the agenda for indigenous Irish companies. 'The innovation and determination that is present is to be commended and I hope it acts as encouragement for other companies to showcase their own successes by applying for this year's awards programme.'
Deloitte has also announced Frank Ryan, CEO, Enterprise Ireland as chairperson of the Best Managed Companies judging panel of this year's competition to find the best managed companies, entries for which closed last week.
Competing companies will be put through a rigorous judging process, measuring a company's performance using a wide range of criteria including strategy, capability, commitment, financials and management performance across all key functions of the business. This year, of particular interest to the independent judging panel, are the pioneering ways that companies are pursuing and achieving growth in a testing economic environment. Twenty companies which demonstrate superior business performance will be recognised at the end of the Best Managed Companies process in March 2014, with three companies specifically recognised for high quality submissions in the areas of strategy, capability and commitment.