Johnny Hanna, partner in charge, KPMG in Northern Ireland, says this year’s Ulster Business Top 100 showcases strong performances among many of our biggest firms
Turnover, the basis on which the list is compiled, has increased for around 90% of the Top 100 with some impressive performances in the upper echelons of the list.
Of note, there are now six companies in Northern Ireland with turnover of over £1bn, two more than last year and a significant improvement on 10 years ago when we counted just one.
That company was Moy Park and now, as then, it has taken the top spot, leading an illustrious group from the sector which prove agri-food remains a powerful economic force in Northern Ireland, closely followed energy, manufacturing and construction.
While turnover reflects the level of investment companies are making in the region, the profit figures tell the tale of businesses which were coping with the impact of higher inflation and the accompanying interest rate hikes.
That chimes with KPMG’s experience over the last year or so but with input inflation slowing and borrowing…
