PENNA PLC
Company Information
- Company Number
- 01918150
- Registered Address
- 10 Bishops Square, London, England, E1 6EG
- Status
- Active
- Employee Count
- 193.0
- Turnover
- 68905000.0
- EBITDA
- 657000.0
Additional Details
- Website
- https://penna.com/
- 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
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 29 | 89% | 10% | 1% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 25 | 87% | 12% | 0% | 11% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 37 | 92% | 8% | 0% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 30 | 87% | 13% | 0% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 31 | 83% | 17% | 0% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 27 | 80% | 20% | 0% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 33 | 77% | 23% | 0% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 31 | 81% | 19% | 0% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 34 | 77% | 22% | 1% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Jul 2019 | 35 | 87% | 13% | 0% | 25% |
| 01 Jul 2018 - 30 Dec 2018 | 22 Jan 2019 | 35 | 86% | 14% | 0% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 15 Jul 2018 | 35 | 87% | 13% | 0% | 25% |
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
Company Review
Trend Analysis
The average time taken for PENNA PLC to pay invoices has been steadily decreasing over the past 6 years, with the biggest decrease occurring between the periods of 2020 and 2021. This suggests that the company has been making efforts to pay their invoices more promptly.
Volatility Analysis
There have been minor fluctuations in the percentage of invoices paid within 30 days, with a slight decrease between the periods of 2018-2019 and 2021-2022. However, the percentage of invoices paid between 31 and 60 days has been consistently low at around 10-15%. The biggest fluctuation can be seen in the percentage of invoices paid later than 60 days, with a significant increase in 2019-2020 and a sharp decrease in 2020-2021. This suggests that the company has had issues with paying invoices on time in the past, but has improved in recent years.
Summary Analysis
In the past three periods, there has been a noticeable improvement in the average time taken for PENNA PLC to pay invoices, with a decrease of 4 days between 2020 and 2021. The percentage of invoices paid within 30 days has also increased by 3% in the same period. This shows that the company has been making efforts to pay their invoices earlier. However, there has been a slight increase in the percentage of invoices not paid within agreed terms in 2021-2022, which may indicate some issues with supplier relationships.
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
Any other information about payment terms
N/A
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
