Manufacturer tops table of Belfast Telegraph Top 100 Companies in association with Grant Thornton (NI)
Manufacturing company Schrader Electronics in Antrim has been named number one company in the Belfast Telegraph Top 100 Companies with pre-tax profits of £102m.
The business, which makes tyre pressure monitoring systems, leads the way in the eagerly-awaited Top 100, which is published in association with business advisory firm Grant Thornton.
The list of the top profit-making limited companies registered in Northern Ireland is complied by economist John Simpson. This year’s list contains a string of new entries, including Lidl NI and Edge Innovate.
Grant Thornton NI managing partner Richard Gillan said: “The annual Belfast Telegraph Top 100 List is one of the most anticipated publications in the business calendar.
“We are delighted to be able to support the publication once again and celebrate the fantastic results of these leading Northern Ireland businesses.
“The list showcases the most profitable businesses across Northern Ireland, and although many of these are disparate in nature, one thing they all have in common is great leadership.
“Despite the many challenges over the last year, businesses here continue to outperform expectations — both locally and on the world stage.
“Congratulations again to every organisation named among the Top 100 — it’s clear our economy is in good hands.”
Topping the list is positive news for Schrader, after it announced the closure of its Carrickfergus site in 2020. Its pre-tax profits of £102m includes $10m of dividend income.
Eric Sorret, leader of the Antrim site of Schrader, said: “Recent years have been especially challenging for our teams and business which makes us particularly proud to be topping the Belfast Telegraph Top 100 league table today.
“Schrader Electronics is a wholly owned brand of Sensata Technologies and since our 2014 acquisition, we have continued to grow and innovate the business, against a backdrop of broad transformation in the automotive market.
“Our team is currently focused on serving our traditional petrol and diesel markets while also making in-roads into the hybrid and electric markets where vehicle manufacturers are concentrating resources. We are also looking at new opportunities with new technology such as intelligent tyre solutions.
“Each and every day, we deliver for our customers and win new business as a result of our engineering excellence and ability to deliver to exacting requirements again and again.
“Congratulations to everyone listed in the Top 100 this year.”
Mr Simpson has been compiling the annual Belfast Telegraph Top 100 Companies since its inception around 25 years ago.
He said business was operating in an uncertain environment.
“At the start of this year, there was a hope that the business world will offer more stable operating conditions.
“But now there is a new concern: the impact of rising inflation combined with disruption caused by events in Ukraine.”
But he said there were now 100 Northern Ireland-registered companies with pre-tax profits of £4.8m — the new threshold for making it onto the Top 100, and up from £4.5m six months ago.
The Top 100 Companies for 2021 was published in November last year following pandemic-related delays. However, the latest publication has been published just six months on in May to restore it to its traditional spring scheduling.
The Top 100 Companies was launched on Tuesday morning at a high-profile breakfast event in Belfast’s Merchant Hotel.