Codex Named One of Ireland’s Best Managed Companies 2023

Codex is delighted to be named one of Ireland's Best Managed Companies 2023. In the competitive landscape of Irish business, achieving recognition as one of Ireland's Best Managed Companies for 2023 is a tremendous honour. This prestigious award not only reflects our unwavering commitment to excellence but also highlights how our core values have played a pivotal role in attaining this recognition.

Codex has operated since 1979, with Patrick Murphy taking over the reins as CEO in 2019, having previously worked in the family-run business for over 12 years. With a strong team of over 90 employees and a fleet of 18 vans, we have witnessed 44 years of consistent growth, acquisitions, diversified products, and an expanding customer base that sees us making 5,000 weekly nationwide deliveries. Now Ireland's largest B2B office supplies and services provider, engaging with the Ireland's Best Managed Companies programme seemed natural, and we are delighted with the successful outcome.

We delve into the significance of Ireland’s Best Managed Companies, led by Deloitte in association with Bank of Ireland, how it aligns with our company values, and provide insights into how we attained this remarkable achievement.

Ireland’s Best Managed Companies 2023

Ireland's Best Managed Companies programme is a testament to an organisation's ability to excel in various facets of business management. It recognises companies demonstrating exceptional leadership, sustainable growth, strong governance, and an unwavering commitment to innovation. The rigorous evaluation process involves a comprehensive assessment of financial performance, strategic planning, corporate culture, and overall management excellence. It is a recognition reserved for companies that exhibit outstanding organisational capabilities.

Alignment with Our Company Values

At the heart of our company's success lies our core values guiding our actions and decisions. The Ireland’s Best Managed Companies programme aligns seamlessly with these values, reaffirming our dedication to the principles that have defined us:

• Excellence: We have always strived for excellence in everything we do, from product procurement to customer service. This award recognises our unwavering commitment to delivering the best possible results.
• Innovation: Our commitment to innovation has been a driving force behind our success. This award underscores our ability to adapt, innovate, and stay ahead in a rapidly changing business environment.
• Integrity: Integrity is the foundation of our business ethics. The Ireland’s Best Managed Companies Award acknowledges our transparent and ethical business practices.
• Sustainability: Sustainability is not just a buzzword for us; it's a way of doing business. This award reflects our dedication to sustainable growth and responsible corporate citizenship. Codex has set ambitious sustainable goals, focusing on achieving carbon neutrality by 2030 and an entire fleet of electric vehicles by 2026. It is also hoped that by 2032, all products sold by Codex will be fully recyclable.
• Employee Engagement: Our success results from our employees' hard work and dedication. This award recognises our investment in nurturing a positive and productive culture at work.

Achieving Ireland’s Best Managed Companies 2023 Award

A series of strategic decisions and concerted efforts marked our journey toward achieving Ireland’s Best Managed Companies Award. Here's a glimpse into the key factors that contributed to our success:

1. Visionary Leadership: Strong leadership is the cornerstone of any successful organisation. Our Senior Management Team demonstrates a clear vision, strategic acumen, and the ability to inspire and lead our team to new heights.
2. Strategic Planning: We invest significant time and resources in strategic planning. Our well-defined strategies not only help us navigate challenges but also allow us to seize growth opportunities. In 2022 alone, we experienced a year-on-year sales increase of 30%, most notably in our office furniture category. This is something that Codex CEO Patrick Murphy and the Senior Management team credit to having company culture, values, purpose and people working together harmoniously.
3. Innovation and Adaptability: Staying competitive in a dynamic market requires continuous innovation and adaptability. We encourage a culture of creativity and embrace new technologies to enhance our products and services.
4. Financial Prudence: Sound financial management played a crucial role in our journey. We maintain fiscal discipline, manage risks effectively, and ensure financial stability.
5. Employee Development: Our employees are our most valuable assets, recognised as we centre our core value of Ambition around developing and training employees. We invest in their professional development, foster a culture of collaboration, and empower them to excel in their roles. We can see this evidenced in the numbers, too; the average tenure of staff at Codex is nine years, with some team members having been with Codex for over 40 years. In 2022, we were delighted to support 13 of our 85 staff members in completing diplomas and post-graduate degrees. We are pleased to be extending our professional development opportunities further in 2023.
6. Community Engagement: Being a responsible corporate citizen is not just an option but a commitment. We actively engage in community initiatives, give back to society, and encourage employee participation in our Charity Partnerships.

Becoming a winner of Ireland’s Best Managed Companies 2023 is not just a recognition of our past achievements; it's a testament to our ongoing commitment to excellence, innovation, and ethical business practices. It validates our alignment with our core values and our ability to excel in a highly competitive business landscape.

In the Business Post, Codex CEO Patrick Murphy reflected on Codex’s journey to becoming an Ireland’s Best Managed Companies Award Winner:

“We got involved last year, and this was mainly driven by our strong desire to measure ourselves against other top-performing companies to help us identify opportunities for improvement and growth.

The programme’s reputation for acknowledging excellence in strategy, performance, and sustainable growth perfectly aligned with our core values and long-term aspirations. We saw it as a valuable opportunity to benchmark our performance and showcase our commitment to excellence. The process was highly enlightening and has positively impacted our company.

The comprehensive evaluation provided us with invaluable insights and feedback from industry experts and peers within the programme, which proved instrumental in identifying improvement areas and helped us evaluate our strategies for continued success.

Being part of the programme has brought us great pride. The recognition we received for our dedication to sustainability, community engagement and customer satisfaction was a tremendous validation of our efforts. It has motivated our team to set even higher goals and pursue more significant accomplishments in the future.”

Read Codex’s latest article in the Business Post here.

As we move forward, we remain dedicated to upholding these values and continuing our sustainable growth and success path. This award serves as a milestone on our journey, motivating us to reach even greater heights, surpass our expectations, and continue positively impacting our industry, our employees, and the communities we serve.

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At Codex, we understand the importance of having an engaged and happy workforce. We greatly emphasise investing in its people, L&D, and work environment.

Check out how Codex embraces organisational culture and employee wellbeing through Our Values.

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