Irish owned IT services and networking company, Arkphire, has been named as one of Ireland’s ‘Best Managed’ companies in the Deloitte Best Managed Companies Awards Programme. The company, which demonstrated superior business performance as part of the awards judging evaluation, was recognised at an awards gala dinner in Dublin on 3 March 2017.
The awards event in Dublin’s Convention Centre marked the ninth year of the Deloitte Best Managed Companies awards programme, in association with Barclays Bank Ireland. The awards were attended by over 900 people from the Irish business community.
Commenting on the award, Paschal Naylor, CEO at Arkphire said: “This prestigious award provides us with real professional and independent validation that we are applying ‘best practice’ standards when it comes to building and managing a successful business. It also marks a real vote of confidence in our management team’s skills and mindset and demonstrates our willingness to invest in new and evolving solutions that meet the market requirements of our valued customers.”
Arkphire recently reported its own impressive financial results for the 12 month period ending 30 June 2016, with operating profits almost doubling to €1 million on sales up 63% to €52.6m. The company also reported ambitious plans to continue building for the future and is forecasting to grow turnover to €70 million in the next financial year with profitability to double and a further 35 people to be recruited over the next two years.
The Deloitte Best Managed Companies Awards Programme, in association with Barclays Bank Ireland, recognises indigenous Irish companies across Ireland which are operating at the highest levels of business performance. The network of 127 Best Managed Companies now employs over 60,000 people around the country and has a combined turnover of almost €11bn. Recognising the importance of overseas markets for Irish companies, the Best Managed Companies also recorded an average growth in sales of 44% over the last three years.
Arkphire was among sixteen companies from around Ireland who were awarded ‘Best Managed’ status for the first time this year, following a detailed qualification and judging process. This took into consideration the complete performance of the business, looking beyond the finances at criteria such as operational excellence, strategy and human resource processes.
Managing Partner of Deloitte and judging panel member, Brendan Jennings commented: “Congratulations to all the 2017 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 60,000 people and generating turnover of €11bn.”
The Deloitte Best Managed Companies Awards, in association with Barclays Bank Ireland, is open to all 32 counties on the island of Ireland. It is the only awards programme that considers a business’ performance from every perspective.