Welcome to the 2022 Belfast Telegraph Prime 100 Corporations in affiliation with Grant Thornton. We’re honoured that the main enterprise advisory agency is supporting our publication for the second 12 months in a row.
It has solely been six months since we revealed our 2021 Prime 100, which had been delayed by the Covid-19 pandemic.
Nonetheless, we have been eager to revive the Prime 100 to its traditional springtime slot, which is why we’re again so quickly after our final outing. Fortunately we’ve been capable of current a refreshed listing with many nice speaking factors.
Little did we all know again in November what world occasions would quickly be throwing at us. Russia’s invasion of Ukraine has introduced tragedy and bloodshed on an unimaginable scale.
It has additionally introduced deeply unwelcome financial results, together with even better will increase in power prices, and contributed to rising meals costs. The Financial institution of England has reacted to spiralling inflation by placing up rates of interest 4 instances because the final Prime 100, to a degree of 1%.
Right here in Northern Eire, we’re experiencing the deja vu of one other political disaster following the Meeting election, and UK threats of disruption to the NI Protocol.
NI Chamber president Paul Murnaghan articulated our deepest fears when he stated that the political stalemate was bringing hurt to our status every day.
The protocol has been tough for a lot of companies to regulate to, however for others it has introduced alternatives.
Regardless that the circumstances round us are tough, enterprise in Northern Eire will all the time espouse nice values and a can-do perspective
But firms have indicated in surveys by our bodies like Belfast Chamber and Manufacturing NI that they’d somewhat know what they needed to cope with than face the uncertainty of extra rowing between the UK and EU and the potential of adjustments to the settlement.
Economist John Simpson has compiled the Prime 100 on the premise of the pre-tax earnings of companies, taken from their Corporations Home information. For many, the most-recently filed accounts have been for 2020, however different filings have been as latest as as much as June 2021.
To qualify, an organization must be registered in Northern Eire nevertheless it doesn't should be regionally owned.
Some firms’ outcomes show that they’ve already put the influence of the Covid disaster behind them. Many, together with within the pharma or medical gadgets sector, have indicated it’s introduced rising demand for his or her merchandise.
To current the profiles of the businesses, I’ve gone to every one to ask if they've any updates on how enterprise is, together with the challenges they’re encountering. Some have cited employees shortages because of Brexit. Rising prices is an much more urgent bugbear.
In some circumstances, the determine given for workers within the newest accounts, and included within the desk beneath, differs from info later shared by the businesses and used of their profiles.
And within the absence of up to date info from the Equality Fee since our final Prime 100, we've not included the standard desk exhibiting Northern Eire’s largest employers.
Enterprise is all about making do, controlling every little thing that’s inside your energy and putting a method ahead whatever the exterior components you’re dealing with.
The enterprise success on show within the Prime 100 reveals the dedication of our greatest firms to all the time push forward. Regardless that the circumstances round us are tough, enterprise in Northern Eire will all the time espouse nice values and a can-do perspective.
As ever, family-run firms abound within the Prime 100. One among our most historic household firm has now arrived within the prime 10, and the household agency behind our most recognisable retail model has divulged that it’s on the right track for £1bn turnover for its 2021 monetary 12 months.
Sadly, we proceed to lack feminine chief executives and managing administrators within the Prime 100 with solely 5 girls in cost in the whole listing. Curiously, 4 of the 5 are inside the highest 20.
Let’s hope that in years to return, we’ll see girls leaders at firms all through the listing.
Thanks to John Simpson for compiling the listing and to Grant Thornton for its assist. I’m grateful to the various enterprise leaders who've additionally contributed to the journal.
It’s not possible to foretell how issues will likely be in one other 12 months’s time, at an area, nationwide or world degree. However for now, I hope you benefit from the journal and take encouragement from studying about our superb Prime 100.