Tuesday, 14 May 2019

Braidwater has been named as one of the Top 100 locally controlled Northern Ireland businesses, in a list produced by the IOD and sponsored by BDO Northern Ireland.

Patrick and Joe McGinnis of Braidwater

Sales at the Top 100 companies increased by an average of 15 percent this year. Seventy percent of firms reported growth in the past twelve months with profits ranging from approx. £2m to £49m.

Collectively the Top 100 contributed £12bn in annual turnover to the local economy and employed 55,000 people.

Companies in the Top 100 come from a diverse range of sectors, including manufacturing, health and pharma care, technology, hospitality, transport, construction and agri-food.  

Joe McGinnis, managing director of Braidwater, said:

“We are pleased to be recognised as one of the Top 100 locally controlled Northern Ireland businesses. As a family run company with over 40 years’ experience in the industry, we are currently live on site at eight developments across Northern Ireland and during the next three years we have a pipeline of over 2,000 homes. We are looking forward to expanding further into the Belfast residential market as well as cementing our reputation as the leading house builder throughout the region.’’

Angela Keery, tax director with BDO Northern Ireland, commented:

“These ambitious, fast growing companies reflect the rich diversity of business in Northern Ireland, from well-established family-owned companies to the emergence of dynamic new businesses who have identified new markets and customer bases to target.

“Family owned businesses make up the majority of locally controlled firms on the list, many of whom have transitioned from one generation to another. This indicates that these companies are performing at higher levels than expected and are facing many challenges head on. It also demonstrates that there is a wealth of businesses with the ambition to develop new ideas and embrace opportunities to scale up to new levels of success.

“At BDO NI we believe that locally controlled NI businesses can help each other, share in each other’s success and learn from the challenges other businesses have faced.”