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The parent of Envelope Systems, T.E. Penny & Co. Ltd, is celebrating 80 years in business this month.
The achievement earns the company a position in the top 1 per cent of British companies for longevity. The company has truly proved it can cope in all trading conditions. It was founded in London in 1933 during the great depression and has survived a world war and all the recessions since.
Companies House statistics suggest Penny and Company’s age places it in the top 1% of British companies for sheer tenacity in staying afloat such a long time.
Penny Miles, only the fourth managing director in the company’s history, said: “We are not only surviving but flourishing. We have always stuck to what we are good at while also being adaptable. The world is constantly changing but basic principles like these endure and are the key to surviving over the long term.”
Penny explained: “The statistics suggests that there are probably only a few thousand businesses of our age or older still around, which is a tiny proportion of all companies, barely one per cent.
“It is astonishing when viewed like this, particularly as we are so small and from such a difficult industry. Printing has suffered very badly in recent years.
“I am really very proud and grateful to everyone who has supported us over all that time, particularly our staff, several of whom are also long-serving,” she said.
Penny and Company was founded in Holborn, central London and has its roots in printing engineering. In 1933 the company’s staff were the photocopier engineers of their day, servicing in-house printing presses owned by Government departments and businesses all over London. The firm also manufactured it’s own type.
The war office became an important customer from 1939. The business stayed in central London throughout the blitz and suffered bomb damage but was able to continue trading.
As its traditional activities diminished after the war, Penny and Company moved into other areas and first became involved with church envelopes in the late 1950s.
The anniversary was marked with a formal dinner for staff and guests.
published on 1 May 2013
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