Marks & Spencer has won Management Today’s Britain’s Most Admired Company for the first time in 16 years, beating Tesco with the highest score in the history of the awards. The company has beaten its 219 competitors in five out of the nine categories: Quality of Goods and Services, Ability to Attract, Develop and Retain Top Talent, Value As a Long-Term Investment, Quality of Marketing and Use of Corporate Assets – an extraordinary achievement.

However, Tesco boss Sir Terry Leahy retains his crown as Britain’s Most Admired Leader, beating M&S CEO Stuart Rose and third place Sir Fred Goodwin, CEO of Royal Bank of Scotland, for the fifth year running – with 25% of the free vote.

Tesco’s fall into second place is nothing to be ashamed of. Its score is actually higher than its winning total from last year. The main stumbling block? Community and Environmental Responsibility, in which it placed 27th. M&S, meanwhile, came second.

220 British companies, the 10 largest in each of 22 sectors, compete in the Britain's Most Admired Companies award scheme.  They are rated in nine categories, on a scale of one to 10. The scores are the result of rigorous research on behalf of Management Today by Professor Mike Brown of Nottingham Business School, with organisations being judged by their peers, as well as analysts at leading investment companies. Awards are given for each of the nine criteria, additionally an overall Britain’s Most Admired Company award is given to the company with the highest total score.

Matthew Gwyther, editor of Management Today, says:  ‘This is a tremendous achievement. M&S has shown strength across the board in all categories to come first this year.  And you really do need to be at the top of your game to see Tesco off.’

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