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Ulster Business Top 100 Companies 2018 profits soar by almost 80%

Moy Park retains pole position for seventh year in a row

Ulster Business Top 100 Companies 2018 profits soar by almost 80%

Ulster Business Top 100 Companies 2018 profits soar by almost 80%

Michael Neill, partner at Top 100 sponsor A&L Goodbody, Chris Kirke, president of Moy Park and Ulster Business editor John Mulgrew

Northern Ireland’s biggest companies have boosted their profits by almost 80% in the space of a year.

Moy Park has also retained the top spot on the Ulster Business Top 100 Companies 2018 edition, sponsored by A&L Goodbody, for the seventh year running, with turnover of £1.4bn.

Overall, turnover among the Top 100, which is now in its 30th year, increased by around 9%, rising from £21.88bn to £23.85bn, when comparing company accounts, year-on-year.

The bumper edition of the leading business magazine, which is now out and features in-depth analysis of Northern Ireland business, showcases the biggest companies across the region, ranked by turnover.

Pre-tax profits for those making the list grew by 79%, rising from £517.5m to £924.9m.

This year has seen some exceptional sales performances, including John Graham Holdings Ltd, which trades as Graham Construction.

It saw one of the biggest leaps on the list, soaring more than £200m in turnover and rising to fifth, while W&R Barnett is now the only other company on the list to join the ‘billion club’.

However, fuel wholesaler LCC Group is fast approaching the mark, with its turnover soaring to £852.8m.

John Mulgrew, Ulster Business editor, said: “This year’s Top 100 Companies list is another clear example of the strength of Northern Ireland’s business landscape, right across the sectors.

“The majority of company results have taken place during the ongoing stasis, with a lack of a devolved government in Northern Ireland, which makes the huge surges in profit, and turnover, even more impressive.”

Chris Kirke, president of Moy Park, said: “We are tremendously proud to be recognised as Northern Ireland’s top company once again in the prestigious Ulster Business Top 100, particularly as it coincides with our 75th anniversary celebrations.

“It is the great people within the business that makes Moy Park the successful company it is today. It is our talented team and our focus on enhancing operations across our facilities, that will ensure we can continue to innovate, thrive and grow.”

Michael Neill, head of Belfast office at law firm A&L Goodbody, sponsor of the Top 100, said:

“As an international law firm with offices in Belfast, Dublin, London and in the US, we enjoy working with many of the Top 100 Companies in the Northern Ireland market and further afield, advising on both domestic and international matters.

“We have been inspired by their drive, determination and resilience, and the example they set to Northern Ireland plc. We very much look forward to seeing their businesses continue to thrive over the next 12 months.

“On behalf of all at A&L Goodbody, congratulations to each of this year’s Ulster Business Top 100 Companies – we wish you every success in the future.”

There are more than a dozen new entrants to this year’s list, from right across the business spectrum.

New entrants include Belfast technology firm Kainos, Draperstown construction company Heron Bros, and Mac Interiors, based in Newry.

Strathroy Dairy has joined the list at number 99, after posting a £20m surge in turnover, while Dale Farm shot up into the top 10.

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