Frylite has been named as one of Ireland’s Best Managed Companies. The awards programme is led by Deloitte Ireland, in association with Bank of Ireland. The company, which demonstrated superior business performance second year. This is the first year where the awards programme returned as an in-person event following the pandemic and culminated with a gala awards ceremony at The Convention Centre Dublin.
Nine new businesses have been awarded Ireland’s Best Managed Companies accolade at the 14th annual awards programme, led by Deloitte in association with Bank of Ireland. This year, Deloitte recognised 136 indigenous companies at the awards representing 25 of the 32 counties across Ireland.
Ireland’s Best Managed Companies Awards programme promotes and recognises excellence in Irish/Northern Irish owned and managed companies and is the only awards scheme on the island of Ireland that considers a business’ performance from every perspective. Entrants to the programme compete for the designation in a rigorous process that evaluates the calibre of their management abilities and practices in addition to the strategy, capability, innovation, culture and financial performance of their companies.
Brian Murphy, Lead Partner for Ireland’s Best Managed Companies Awards Programme at Deloitte said: “Year-on-year we’re impressed by the businesses that qualify and requalify for our Best Managed Companies Awards and in another uncertain year, the entries continued to raise the bar. Despite the challenges these businesses faced, the management teams of the winning companies have embraced new opportunities for innovation and growth, offering best-in-class products and services to their customers and retaining their competitive advantage in a world that is ever-changing.”
The nine newly qualified companies are: Kefron (Dublin), Clarke (Antrim), MTM Engineering ltd (Meath), Relatecare (Waterford), Kilwaughter Minerals Ltd. (Antrim), Kent Stainless Ltd. (Wexford), Re-gen Waste Ltd. (Down), Anthony Nicholas Group (Dublin) and Corrib Oil Group (Galway).
In addition to the nine entrants and those that have requalified as a Best Managed Company, 10 companies achieved Gold Standard, including Dublin’s independent coffee chain group Insomnia Coffee Company and Louth’s chemical free and biodegradable baby wipes company WaterWipes securing Best Managed Company status for four consecutive years. Nine companies were awarded Platinum Standard, which included Mayo’s outdoor clothing manufacturer Portwest and Kerry’s financial services company Fexco having won this recognition seven years in a row.
Harry Goddard, CEO, Deloitte Ireland and judging panel member said:
“A stand out from the judging process this year was the distinct focus of the Best Managed Companies on their local communities, despite their own international growth and ambition. Businesses have a vital role to play in our society. It was clear from the entries this year that they were having a positive impact not only on their own business, but also on the communities around them. I look forward to seeing how these businesses continue to invest, grow and contribute to our wider society.”
Nikki Canavan, Senior Director, Bank of Ireland Corporate Banking said: “This has been quite a year for Irish businesses, a year that began in 2022 in the grip of a global health crisis, with businesses grappling to emerge from pandemic restrictions being met almost immediately by new challenges, the global equilibrium rocked by Russia’s invasion of Ukraine, rapid inflationary pressure, tightening labour markets, not to mention, the almost forgotten, but prevailing Brexit tailwinds. The performance of these Best Managed Companies throughout the pandemic and these more recent headwinds is a testament to the energy, resilience and skills of their respective management teams and staff who have all been resolutely tested in ways we could not have predicted over the last few years. Bank of Ireland has been delighted to be able to support them through this year, as their Bank in many cases and also through our Coaches on the BMC programme.”
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 www.deloittebestmanaged.ie.
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, Turkey, 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.
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 over 312,000 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, risk advisory 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 Ltd., 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 www.deloitte.com/about to learn more about our global network of member firms.