A report by Ulster Business has revealed that the top companies here in Northern Ireland have shown a striking rise in sales over the past 12 months. The Ulster Business Top 100 Northern Ireland Companies 2023 have had a rise in sales of 16.6% during the past year, with a sales turnover of £30.7 billion as opposed to a turnover of £26.3 billion in the previous year.
Top Companies Helping To Drive Forward The Economy
This is excellent news as the top companies help to drive the economy forward and create a positive environment, which will hopefully be passed on down the line to other smaller businesses and budding entrepreneurs.
Shows Increased Performance And Resilience Among Our Biggest Businesses
Jonathan Cushley, who compiled this year’s list utilising data from the latest accounts filed to Companies House in the UK, is quoted in an article in the Belfast Telegraph by John Mulgrew, saying:
“The latest edition of the Ulster Business Top 100 Northern Ireland Companies, in association with KPMG, highlights a continued strengthening of their financial performance,
“It once again shows increased performance and resilience among some of our biggest businesses.”
A Thirst For Innovation And An Ability To Provide Dynamic Solutions
And in the same article Johnny Hanna, partner in charge of KPMG in Northern Ireland, is quoted saying:
“We at KPMG have a long-held regard for what is considered the definitive ranking of the businesses which contribute most to Northern Ireland’s economy, and we are proud to be a partner the Ulster Business Top 100 Northern Ireland Companies for the next three years.
“It is clear from this year’s ranking that the province’s leading corporates share similar attributes in the form of a thirst for innovation and an ability to provide dynamic solutions to a global marketplace.
“We congratulate all of the companies on the list. The opportunities – in the form of dual market access under the proposals put forward in the Windsor Framework and the potential to lower Northern Ireland’s corporation tax – are significant, and we look forward to working alongside them and the wider business community in the future.”
When we were in the midst of the pandemic a couple of years ago it seemed inconceivable that businesses would recover as quickly as they have done. And on top of this we have since had the war in Ukraine, the energy crisis and cost of living crisis to contend with. It says a lot for our business community that we have shown the strength to come through all of the above and many are now beginning to reap the benefits for all their hard work. Long may it continue.