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Ulster Business Top 100 Companies see sales rise but profits stall

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Michael Neill, head of Belfast office, A&L Goodbody with Ulster Business editor, John Mulgrew

Michael Neill, head of Belfast office, A&L Goodbody with Ulster Business editor, John Mulgrew

Michael Neill, head of Belfast office, A&L Goodbody with Ulster Business editor, John Mulgrew

 

Northern Ireland’s biggest businesses have seen a small bump in sales but profits have stalled, Ulster Business can reveal.

The flagship Top 100 Northern Ireland Companies 2021 list, with A&L Goodbody (ALG), shows that topline sales increased by 4.3%, year-on-year, to £26.7bn.

But the list of the leading 100 firms here also showed turnover fell marginally among those businesses by 0.3%.

The list has showcased the performance of the biggest firms from right across Northern Ireland, ranked by turnover, for more than 30 years.

There are a number of newcomers this year, including German discount supermarket giant Lidl, which is now filing full accounts in Northern Ireland, and blinds maker Mzuri Group, based in Lisburn.

And poultry giant Moy Park has topped the list for the 10th year in a row.

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Ulster Business has partnered with corporate law firm A&L Goodbody for the last six years with the Top 100.

“This year, it is encouraging to note the continued strong performance of the familiar faces at the top end of the list – many of whom have retained their spot during the six years that ALG has supported the Ulster Business Top 100 Companies edition,” Michael Neill, head of Belfast office, A&L Goodbody, said.

“This year, it is encouraging to note the continued strong performance of the familiar faces at the top end of the list – many of whom have retained their spot during the six years that ALG has supported the Ulster Business Top 100 Companies edition.”

John Mulgrew, editor of Ulster Business, said: “In the 12 months since the last Top 100, many of our biggest companies have had to pivot, evolve and deal with operating in an ever-changing environment.

“But as the Top 100 shows, many have actually increased sales and profits in the middle of this pandemic, while others have faced sizeable challenges to their way of working.

“It may be another year before a clearer picture of the true impact of Covid-19 on our private sector, but there remains resilience and strong results among many of the companies making the 2021 list.”

Speaking to Ulster Business as the firm topped the Top 100 Northern Ireland Companies list, Mot Park director Justin Coleman, said: “There is a sense of pride being top of the list and it’s a proudly headquartered in Northern Ireland business and will remain so.”


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