Fexco has been named as one of Ireland’s ‘Best Managed’ companies in the Deloitte Best Managed Companies Awards Programme.
Having demonstrated superior business performance, Fexco was recognised at an awards gala dinner in Dublin on 4 March 2016. In addition, Fexco was commended by the Irish Management Institute (IMI) for the best overall submission at this year’s awards.
The awards event in Dublin’s Convention Centre marked the eighth year of the Deloitte Best Managed Companies (BMC) awards programme, in association with Barclays Bank Ireland. The awards were attended by over 800 people from the Irish business community. Frank Ryan, chair of the independent judging panel, was keynote speaker on the night.
The Deloitte Best Managed Companies Awards Programme, in association with Barclays Bank Ireland, recognises indigenous Irish companies across Ireland, operating at the highest levels of business performance. The network of 115 Best Managed Companies now employs over 47,000 people around the country and has a combined turnover of almost €10bn. Recognising the importance of overseas markets for Irish companies, the Best Managed Companies also recorded an average growth in export sales of 161% over the last three years.
Commenting on the award, Denis McCarthy, CEO, Fexco said: “We are delighted to be recognised as one of Ireland’s best managed companies this year. Entering the awards was truly beneficial to us as it meant looking at Fexco as a whole, focusing on the areas where we really excel and putting them forward, this created a holistic view of the company when so often we can look at the granular detail first and foremost. Winning a BMC elevates Fexco to a new corporate status, it will help us to attract more talent and assist us as we continue to expand the Group both in Ireland and at an international level. This award belongs to all of the employees of Fexco and I would like to congratulate them accordingly.”
Sixteen companies from around Ireland were awarded Best Managed status for the first time this year, following a lengthy qualification and judging process in which the complete performance of a business is assessed, moving beyond finances to such areas as operational excellence, strategy, and human resource processes. Eleven platinum award winners – companies that have retained their Best Managed status for seven consecutive years – were also recognised on the night.
Eighteen companies were also presented with the gold standard accolade having secured Best Managed status for a fourth consecutive year. An additional 70 companies re-qualified having upheld the standard of a Deloitte Best Managed Company, following a comprehensive review process.
Managing Partner of Deloitte and judging panel member, Brendan Jennings commented: “Congratulations to all the 2016 winners. All the companies here tonight are at the end of a long process of evaluation, which makes their Best Managed designation even more rewarding and valuable as a marketing tool for their business. It is clear that these companies make an invaluable contribution to the Irish economy – employing 47,000 people and generating turnover of €10bn.”
Sasha Wiggins, CEO of Barclays Bank Ireland, added: “Each of the companies being celebrated today has demonstrated their ability to apply best practice management across a wide range of business areas – something we have witnessed first-hand as the lead sponsor of the programme for the third year in a row. It has been a pleasure to mentor and support the management teams of these companies over the past few weeks and months and on behalf of everyone at Barclays, I would like to congratulate them on this wonderful achievement.”
The Deloitte Best Managed Companies Awards, in association with Barclays Bank Ireland, is open to companies from all 32 counties on the island of Ireland. It is the only awards programme that considers a business’ performance from every perspective. Details of entry for the 2016/2017 programme will be issued in the coming weeks on www.deloittebestmanaged.ie. The Best Managed designation is an important marketing tool for the winning companies – but, perhaps most importantly, the awards provide a reason to celebrate the efforts of the entire company.