BidX1 has been named as a Deloitte ‘Best Managed Company’ for 2023.
The awards programme, led by Deloitte Ireland in association with Bank of Ireland, considers a business’ performance from every perspective via a rigorous process that evaluates the calibre of their management and business practices.
The network of Best Managed Companies has a combined turnover of €17 billion and €3 billion of exports sales, providing employment for over 53,000 people across Ireland in a range of sectors – from tech and manufacturing 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.
Commenting on the award, Emma Down, Chief Financial Officer at BidX1 said: “Receiving this award for the third-year running is a testament to our continued focus on improvement and innovation, but also to our people, whose commitment and resilience in the face of a challenging macro-economic environment – particularly for the property industry – has allowed BidX1 to successfully navigate through choppy waters.
“Congratulations to all of the companies who received awards this year, and to Deloitte for championing excellence in business and management practices across 48 countries worldwide.”
Brian Murphy, Lead Partner for Ireland’s Best Managed Companies Awards Programme at Deloitte Ireland 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.”
Nikki Canavan, Senior Director, Head of Origination & Sustainability, Corporate Banking Ireland, and judging panel member said: “Over the last number of years the companies in the Best Managed Companies network have shown huge strength in the face of disruption and uncertainty. This year in particular – a year that tested Irish businesses like never before – the judges noted the commitment, bravery, resilience and tenacity of the applicant companies.”
This year’s winners were announced at a ceremony in the Convention Centre in Dublin, hosted by Gráinne Seoige.
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.
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