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Britain's Most Admired Companies 2023 winners
12 March 2024
Britain's Most Admired Companies 2023 Winners
For over three decades, Britain's leading companies have distinguished themselves by their ability to thrive and excel amidst competition. The latest edition of the Britain's Most Admired Companies study underscores the significance of resilience and sustainable growth in today's dynamic landscape.
Sponsored by the London Stock Exchange, the 2023 study analysed 251 firms spanning 28 sectors. Feedback from 300 C-suite peers, financial analysts, and industry experts inform rankings on 13 criteria, illuminating the nation's top companies across core reputational dimensions.
For the second year in a row, financial services group, Legal & General, claimed the coveted title of Britain’s Most Admired Company. The top ten also featured stalwarts such as AstraZeneca, ARUP, Total SE, Ashtead Group, Diageo, Intermediate Capital Group, Equinor, Man Group, and Next.
António Simões, CEO of Legal & General said “it is an honour to be recognised as Britain's Most Admired Company for the second consecutive year. Since I joined the business in January, I have been impressed by our authentic sense of purpose, talented people and performance track record. This award is testament to the vision and commitment of our teams to delivering positive outcomes for society, our customers and our shareholders, and it is great to see them recognised by peers and other close observers of our business. My congratulations also to the other category winners, who are each making a strong contribution to building the reputation and role of business as a force for good.”
Noteworthy advancements include Octopus Energy, which soared 209 places to lead its sector, alongside marked improvements for SSE, M&G, Centrica, Iberdrola (Scottish Power), Elementis, Fever-Tree Drinks, Tritax Big Box, Compass Group, and J Sainsbury.
Among the key attributes that shape the rankings of firms, ‘quality of products’ continues to top the list as critical to success, along with ‘financial soundness’ and ‘quality of management’.
“For the first time, we see that the broader perspective of ‘long-term value potential’ comes into this magic circle of critical success factors. This should be no surprise given the current geopolitical and economic uncertainties companies face. To these challenges, our CEOs also cite the importance of talent,” says Sandra Macleod, Chief Executive of Echo Research, the firm behind the study.
The study delved into the essential factors that UK businesses prioritise to foster resilience amid evolving market dynamics, technological advancements, and regulatory landscapes. The study highlights the significance of leadership, strategy, and a resilient organisational culture.
Julia Hoggett, CEO of London Stock Exchange plc, added “We are incredibly proud to be supporting Britain's Most Admired Companies this year. These awards share the London Stock Exchange’s commitment to recognising excellence and driving forward innovation within the country’s business community. The depth of talent at companies listed in the UK shines through in this year’s nominees. We are pleased to honour the forward-looking leaders who have successfully built resilient organisational cultures whilst fostering growth in a rapidly changing environment. Congratulations to all the winners announced today.”
For more information, please contact:
Sandra.Macleod@britainsmostadmired.com
Or
Tarquin.henderson@echoresearch.com
