PENNA PLC

PaymentCheck Score 2024
87Good
1.1vs last year
#1420 in UK
#94 in Professional Services
#659 in London

Company Information

Company Number
01918150
Registered Address
10 Bishops Square, London, England, E1 6EG
Status
Active
Employee Count
193
Turnover
£68,905,000
EBITDA
£657,000

Additional Details

Company Type
Public limited Company
Incorporated On
31 May 1985
Nature of Business
78300 - Human resources provision and management of human resources functions
Industries
Professional Services
Region
London

Time to Pay

Average Time to Pay
25 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
87%
31-60 Days
12%
After 60 Days
0%
Not Paid Within Terms11%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-07-25
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202404 Feb 20252686%14%0%17%
01 Jul 2023 - 31 Dec 202331 Jan 20242989%10%1%13%
01 Jan 2023 - 30 Jun 202325 Jul 20232587%12%0%11%
01 Jan 2022 - 30 Jun 202228 Jul 20223087%13%0%9%
01 Jul 2021 - 31 Dec 202125 Jan 20223183%17%0%12%
01 Jan 2021 - 30 Jun 202128 Jul 20212780%20%0%11%
01 Jul 2020 - 31 Dec 202021 Jan 20213377%23%0%23%
01 Jan 2019 - 30 Jun 201915 Jul 20193587%13%0%25%
01 Jul 2018 - 30 Dec 201822 Jan 20193586%14%0%11%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Penna utilise 60 days payment terms as standard

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

60

Dispute Resolution Process

All disputes are handled by our Accounts Payable department. Any escalation after 24 hours are managed by the Team Leader. After 48 Hours are managed by The manager After 72 hours the Head of Department will engage to resolve

Other Payment Information

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

PENNA PLC is a UK-based human resources consulting firm that provides a wide range of services to businesses and organizations. The company was founded in 1974 and has since grown to become a leading provider of HR solutions.

One of PENNA PLC's main focuses is sustainability, and the company is committed to promoting sustainable practices in all aspects of its operations. This includes reducing its carbon footprint, promoting diversity and inclusion, and supporting social responsibility initiatives.

In terms of products and services, PENNA PLC offers a range of HR solutions, including recruitment and talent management, leadership development, and employee engagement. The company also provides executive coaching, outplacement services, and HR consulting to help businesses improve their overall performance.

The key people at PENNA PLC include the CEO, Gary Browning, who has over 30 years of experience in the HR industry. The company also has a team of experienced consultants and professionals who bring a wealth of knowledge and expertise to their work.

For more information on PENNA PLC and its services, visit their website at www.penna.com. The company's registered office address is located at 3rd Floor, 100 New Bridge Street, London, EC4V 6JA, UK.

Financial Metrics

Cash
£135,000
Net Worth
£56,859,000
Total Current Assets
£68,789,000
Total Current Liabilities
£12,262,000

Company Location