PENNA PLC

1. PENNA PLC 2001-05-30 → present
2. PENNA SANDERS & SIDNEY PLC 2001-02-22 → 2001-05-30
3. SANDERS & SIDNEY PLC 1991-06-06 → 2001-02-22
4. GROUP COUNSELLING SERVICES LIMITED 1985-08-09 → 1991-06-06
5. DOREHAVEN CONSULTANTS LIMITED 1985-05-31 → 1985-08-09

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Audit opinion

Unaudited (audit-exempt)

Going concern

Affirmed

“Based on these assumptions, the Directors have no reason to believe that a material uncertainty exists that may cause significant doubt about the ability of the group and company to continue as a going concern or its ability to fulfil its financial obligations Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements”

Group structure

1. PENNA PLC · parent
   1. Stafford Long & Partners Limited

Significant events

• “After year end, it was identified that in 2024, Penna Plc (a wholly owned subsidiary of Penna Consulting Limited) distributed dividends to Penna Consulting Limited for the amount of £1 4m, which constituted unlawful distributions Penna Plc had sufficient reserves at the time the dividends were initially assessed in April 2024, prior to submission for internal Adecco Group approval However, at the point where the Board resolution and payment was formalised in August 2024, Penna Plc no longer had sufficient distributable reserves to support the dividend payments The subsidiary is now seeking legal advice to remedy this dividend distribution This remedy will be reflected in the 2025 financial statements”
• “After year end, it was identified that from the period 2019 to 2023, group relief was surrendered for nil consideration which was not in conformity with the Companies Act Following legal advice, it is the intention of the Directors to put in place a payment arrangement to remedy this, whereby an intercompany payable of £572,000 will be recognised for the fair value of the cumulative losses surrendered to the company This remedy will be reflected in the 2025 financial statements”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -24.1%

  £63,483,000 → £48,188,000

• Cash

  +1,006.5%

  £31,000 → £343,000

• Net assets

  -7.2%

  £55,547,000 → £51,532,000

• Employees

  -1.4%

  214 → 211

• Operating profit

  -1,882.1%

  -£123,000 → -£2,438,000

• Profit before tax

  -725.1%

  £390,000 → -£2,438,000

• Wages

  -2.2%

  £12,370,000 → £12,097,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers