Two Mayo companies win prestigious 'best managed' accolades

Two Mayo companies - Portwest and CMS Distribution - have been awarded Ireland’s Best Managed Companies accolade at the 15th annual awards programme, led by Deloitte in association with Bank of Ireland.

This year, Deloitte recognised 130 indigenous companies at the awards representing 24 of the 32 counties across the country.

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.

Amongst the winning companies this year were Mayo firms Portwest, Westport, and CMS Distribution, Kiltimagh.

Both companies re-qualified this year having also been recognised in previous years at the awards.

In addition to the Best Managed Company Award, there are several other award categories with the Family Business Award going to Cork-based food wholesaler and foodservice company Musgrave Group.

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.”