LONDON, November 10, 2016 /PRNewswire/ -- Business Worldwide Magazine (BWM) is delighted to announce the winners of their highly-competitive and popular Company of the Year Awards 2016. The Awards went to those companies which the magazine's judging panel felt performed outstandingly in their field over the past 12 months, to the extent they left the competition standing. Open to both private and public companies around the globe, applicants hailed from the Americas, Scandinavia, Asia, the Middle East and, closer to home, in Europe. Meanwhile, sectors represented included construction, IT, renewable energy, oil and gas, banking, insurance and manufacturing. All companies who picked up an Award were notable for their customer service, financial acumen and profit growth, recognition within their own sector and the contribution they made to their local community. Sustainability was also a consideration. A spokesman for BWM said: "As always we were impressed by the standard of entries for this award and which this year exceeded our expectations. Political and global economic changes meant it wasn't an easy year in which to forge ahead and achieve notable success but those companies we choose proved remarkably resilient and innovative. "We're delighted for them all; not just in winning the BWM Awards but for their individual company success and the inspiration they will undoubtedly prove to other companies out there, both fledgling and already well-established organisations, to achieve a similar level of success." The BWM Company of the Year Awards measures company performance as a whole, rather than the achievements of one individual. Points are awarded for each category and company CEOs or the appropriate executives interviewed individually. Nominations were initially received from readers and companies shortlisted following initial judging by a panel of judges.