Domino Printing Sciences plc, the Cambridge, UK-based manufacturer of product identification, traceability and digital printing solutions, has been named Company of the Year at the 2010 PLC Awards.
The award was presented to group managing director Nigel Bond and finance director Andrew Herbert at a ceremony at London's Grosvenor House Hotel on March 10, 2011. Also nominated in the Company of the Year category – the most prestigious of the night – were specialty chemicals company Croda International, property business Shaftesbury and engineering solutions business Weir Group.
Incorporated in 1978 and listed on the London Stock Exchange since 1984, the Domino Group reported sales for the year to 31 October 2010 of £300 million, a record growth of 17 per cent over the previous year and the Group's 32nd year of consecutive growth. Domino entered the FTSE 250 index in June 2008 and was admitted last year to the FTSE4Good Index Series, which measures the performance of companies that meet globally recognized corporate responsibility standards.
Domino group managing director Nigel Bond says that one factor contributing to last year's performance was the company's strong commitment to research and development, which last year saw a record investment of £15.6 million. "As a result of this policy, Domino was able in 2010 to launch a whole series of benchmark products, which we will continue to roll out in the coming months. Our objective is to deliver products that offer the highest quality combined with outstanding value and reliability," he explains. "The other key ingredient is our worldwide team, whose dedication, expertise and enthusiasm underpins Domino's reputation for excellent support on a global basis."
Judging criteria for the Company of the Year category state that 'the winner will be a company that has clearly demonstrated that success is not just a short term phenomenon. The winning company will undoubtedly be successful in share price terms, but with full realization that share price is but one method of measurement. It will be professionally managed, of course; its long term strategy will be intact, and its growth and development to date will have been soundly financed as befits a conservatively run growth business.'