Business

NI's Top 100 companies report record turnover of £23 billion

Andrew Richards, commercial director UK & Ireland at Moy Park, is pictured with Ulster Business editor David Elliott. Moy Park took the top spot in the listing for the sixth consecutive year.
Gareth McKeown

AMIDST political and economic uncertainty the 100 biggest companies in the north have reported record turnover over the past year.

The annual Ulster Business Top 100 Northern Ireland Companies 2017 listing has revealed a collective jump in revenue of £322 million to an all-time high of £23.3 billion.

The list, now in its 28th year, ranks companies by turnover to give an indication of how much they put in to the Northern Ireland economy.

The agri-food sector once again dominates the leader board with meat processor Moy Park taking the top spot for the sixth consecutive year, recording turnover of £1.4 billion.

Grain importer and feed manufacturer W&R Barnett took second place with sales of £946 million, up an impressive £131m on the previous year while red meat processor Dunbia took third place with £788m, down £39m.

New entrants include Fivemiletown-based clothing manufacturer Cooneen by Design, Carrickfergus engineering company Ryobi Aluminium Casting, Ballymena meat processor Cranswick Country Foods, Enniskillen engineering firm Severfield (formerly Fisher Engineering), energy infrastructure company Mutual Energy, Dungannon screening equipment engineer McCloskey International and energy infrastructure firm GE Grid Solutions.

Reflecting on another exemplary year Moy Park chief executive Janet McCollum said the achievement was down to the company's "brilliant people".

 

“I’ve had the privilege to work in this business for 25 years and the passion and commitment of our people is second to none.”

The figures further show that profits climbed by 16 per cent to £932.7 million from £804 million in an impressive year for local business.

Ulster Business editor David Elliot said the stellar performance shows the resilience and energy of Northern Ireland companies.

"To have posted such a solid performance in light of the uncertainty created by Brexit and the stalemate at Stormont highlights the robustness of our biggest business,” he said. “They have concentrated on growing their businesses in the prevailing conditions and proved once again to have the talent and industry to compete with the best in the world.

Mark Thompson, head of the Belfast Office at magazine sponsor A&L Goodbody said the local firms have put in a sterling performance.

"Yet again, each of the companies has made a hugely significant contribution to the Northern Ireland economy over the past 12 months,” he said.

“They have created hundreds of new jobs and supported many thousands more. They have each reported inspiring stories of success at home and abroad, underpinned by investment, innovation, R&D and export.”

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