Two Clare firms among Ireland’s Best Managed Companies

TWO Clare companies have been awarded Ireland’s Best Managed Companies accolade at the 15th annual awards programme.

This year, the awards, which are led by Deloitte in association with Bank of Ireland, recognised 130 indigenous companies  representing 24 of the 32 counties across the Island of Ireland.

Amongst the winning companies this year were TTM Healthcare Solutions and Modular Automation. Both Clare companies achieved platinum requalifying standard.

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.

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Commenting at the awards ceremony, 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.”

Minister for Finance, Michael McGrath, who spoke at the awards ceremony, commented: “I am delighted to see the remarkable achievements of these home-grown companies, who 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.”

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

The Gold Standard (four years as a Best Managed Company) winners are: Burnside Eurocyl Limited (Carlow), Enet (Limerick), Frylite Solutions (Tyrone), IITC (Cork) and The Ard Ri Group (Kerry). 

The Platinum Winners (seven years as a Best Managed Company) are: 2468 Group (Meath), Acorn Life DAC (Galway), Flynn (Dublin), McAree Engineering Ltd (Monaghan) and Seopa (Antrim).