PHONOGRAPHIC PERFORMANCE LIMITED
Trading as PPL, the company is a British music copyright collective and performance rights organisation that licenses recorded music for public broadcast and distributes the resulting royalties to record companies and performers.
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Cash
£113m
+8% highest in 3 filed years
Net assets
-£3.8m
0% vs 2024
Employees
240
+4.8% highest in 3 filed years
Profit before tax
£278m
+4.4% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Total income | £283,546,000 | £301,027,000 | £315,321,000 | +4.7% | |
| Operating profit | £246,801,000 | £261,146,000 | £273,877,000 | +4.9% | |
| Profit before tax | £250,811,000 | £266,055,000 | £277,855,000 | +4.4% | |
| Net profit | £250,811,000 | £266,055,000 | £277,855,000 | +4.4% | |
| Cash | £30,290,000 | £104,479,000 | £112,807,000 | +8% | |
| Total assets less current liabilities | -£2,921,000 | -£2,751,000 | -£2,641,000 | +4% | |
| Net assets | -£3,808,000 | -£3,808,000 | -£3,808,000 | 0% | |
| Equity | -£3,808,000 | -£3,808,000 | -£3,808,000 | 0% | |
| Average employees | 222 | 229 | 240 | +4.8% | |
| Wages | £15,864,000 | £17,428,000 | £17,866,000 | +2.5% | |
| Directors' remuneration | £1,078,000 | £1,245,000 | £1,152,000 | -7.5% | |
| Highest paid director | £892,000 | £1,050,000 | £949,000 | -9.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 87.0% | 86.8% | 86.9% | |
| Net margin | 88.5% | 88.4% | 88.1% | |
| Gearing (liabilities / total assets) | 102.5% | 102.3% | 102.2% | |
| Current ratio | 0.93x | 0.92x | 0.91x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Statement of Financial Position reflects a net liability of £3.8m (2024: £3.8m), which is largely due to timing differences in the payment of liabilities to the company's', members. Despite this, management considers the going concern basis of accounting to be appropriate as the timing of liabilities to members is at the discretion of PPL, this allows for flexibility in managing cashflows. Cash flow is closely monitored by management and is seen a key operational task, allowing forecasting and assessment of the timing of liabilities to ensure that both short term and long-term obligations are met. In addition, the ability to generate cash through continuous licensing activity coupled with cash balances held through timing differences between collections and distributions to members, provides adequate resources to continue in operational existence.”
Group structure
- PHONOGRAPHIC PERFORMANCE LIMITED · parent
- PPL PRS Limited 50%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
18 active · 73 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WAITE, Camilla Annabel Florence | Secretary | 2023-03-21 | — | — |
| BOLT, Rachel Stephanie | Director | 2024-11-21 | Dec 1963 | British |
| BURGESS, Richard James | Director | 2026-01-20 | Jun 1949 | British |
| CLAYTON, Soriya | Director | 2020-09-10 | Jun 1975 | British |
| DAMANI, Shamus Badru Makhani | Director | 2026-01-20 | May 1976 | British |
| DAVIDSON, Jacqueline Frances | Director | 2020-11-25 | Jun 1961 | British |
| ELLINGTON, Joy Andrea | Director | 2020-07-14 | Jun 1963 | British |
| FRENCH, Julian | Director | 2014-06-10 | Feb 1967 | British,American |
| GRUESCHKE, Robert Alexander | Director | 2017-09-19 | Jun 1969 | Dutch |
| LALE, Peter Dominic | Director | 2023-11-16 | Dec 1958 | British |
| LEATHEM, Peter John | Director | 2006-09-12 | Nov 1965 | British |
| LEE, David | Director | 2022-11-24 | Sep 1951 | British |
| MITCHELL, Sarah Jane | Director | 2022-06-20 | Nov 1973 | British |
| SAXE, Charlotte Chloe | Director | 2020-09-10 | Feb 1978 | British |
| SMITH, Christopher Robert, Lord | Director | 2006-07-11 | Jul 1951 | British |
| SMITH, Michael Anthony | Director | 2007-04-24 | Mar 1959 | British |
| SPONG, Paul John | Director | 2025-11-19 | Dec 1961 | British |
| TRUBRIDGE, Horace | Director | 2016-01-01 | Jan 1957 | British |
Show 73 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FAURE, Trevor | Secretary | — | 1994-12-31 |
| HARMSWORTH, David James Edward | Secretary | 2011-04-05 | 2023-09-12 |
| LEATHEM, Peter John | Secretary | 2002-07-16 | 2011-04-05 |
| LEATHEM, Peter John | Secretary | 1995-01-26 | 1995-05-25 |
| MILLER, Brian Laurence | Secretary | 1997-10-06 | 1998-02-28 |
| STONES, Deborah Ann | Secretary | 1998-11-24 | 2002-07-16 |
| WOOTLIFF, Karen Rebecca | Secretary | 1995-05-25 | 1998-11-24 |
| AMES, Roger | Director | 1992-12-15 | 1996-07-03 |
| ANDREWS, Charles George Williams | Director | 1993-12-10 | 2001-05-11 |
| ARMSTRONG, Roger Colin | Director | 2012-11-20 | 2020-07-14 |
| BARBOUR, Jay | Director | 1995-03-23 | 2003-09-24 |
| BARNHAM, Glen Alexander | Director | 2006-07-27 | 2011-01-01 |
| BATT, Michael Philip | Director | 2008-11-18 | 2009-10-26 |
| BIRCH, Paul John | Director | 1998-10-28 | 2005-01-20 |
| BOWEN, Timothy Barry Poland | Director | 1993-09-01 | 1996-01-23 |
| BROOKS, John Alan | Director | — | 1993-05-28 |
| BUCKWELL, Oliver | Director | 1995-03-23 | 1999-11-11 |
| BURKE, Kelly Jessica | Director | 2025-03-25 | 2025-11-07 |
| CAISLEY, Peter Walter | Director | 1992-01-15 | 1995-03-09 |
| CARROLL, David | Director | 2004-06-22 | 2012-11-20 |
| CLARK, Anthony Howard | Director | 2001-11-27 | 2013-06-05 |
| CLARK, Anthony Howard | Director | — | 1993-06-18 |
| CLEARY, Andrew John | Director | 1995-03-09 | 2002-10-01 |
| CRAIG, John Andrew | Director | 1994-06-01 | 1994-12-01 |
| CROSS, Jonathan Peter | Director | 2012-07-10 | 2014-06-10 |
| CROSS, Jonathan Peter | Director | 2010-10-12 | 2011-06-08 |
| DE BASTION, Roxanne | Director | 2016-11-24 | 2025-11-19 |
| DOBINSON, John Leslie | Director | 2014-10-14 | 2015-05-19 |
| EVERS, Rachel Therese | Director | 2009-10-13 | 2012-07-10 |
| FIRMAN, Robin Michael | Director | 2018-11-27 | 2021-11-25 |
| FISHER, Thomas Clive | Director | 1996-07-30 | 2005-06-23 |
| FRENCH, Julian | Director | 2001-11-27 | 2012-02-28 |
| GEORGE, Alasdair Thomas Paterson | Director | 1997-06-24 | 2007-04-24 |
| GOLEMBO, Jeffrey David | Director | 1992-11-16 | 1999-11-11 |
| HANSON, Ian Lawrence | Director | 1996-06-06 | 1999-11-30 |
| HARRIS, Peter Anthony | Director | 2005-04-19 | 2008-01-06 |
| HARTLEY, Nicholas Bruce | Director | 2015-05-19 | 2025-03-25 |
| HOLMES, Guy William | Director | 2007-10-16 | 2008-10-18 |
| HOPKINS, Gareth John | Director | 1991-01-30 | 1996-06-16 |
| HUNT, Crispin Macmichael Sandys | Director | 2013-11-27 | 2020-11-25 |
| JOSEPH, Hannah Eileen | Director | 2021-11-25 | 2024-11-21 |
| KELLY, Mark Colbert | Director | 2009-11-19 | 2020-11-25 |
| LAMBERT, Benjamin James | Director | 2012-04-24 | 2013-06-05 |
| LOVE, John Barry | Director | — | 2000-11-09 |
| MACLEOD, Shelagh Margaret | Director | — | 1995-03-09 |
| MCGONIGAL, Dominic Harold David | Director | 2001-11-27 | 2012-03-28 |
| MILLS, Martin Charles | Director | — | 2017-09-19 |
| MOSS, Ian | Director | 2003-09-24 | 2004-11-23 |
| MULLAN, James Anthony | Director | 2012-02-28 | 2013-07-31 |
| NEVRKLA, Frantisek Jan | Director | — | 2015-12-31 |
| NEWSON, Gerald Keith | Director | 2005-11-22 | 2016-11-24 |
| O'BRIEN, Sean Frederick Rushton | Director | 1998-01-27 | 2002-09-18 |
| PARKER, Nigel Patrick | Director | 2004-06-11 | 2009-11-19 |
| PAYNE, Christine Grace | Director | 2011-01-01 | 2018-11-27 |
| PERRY, Rupert | Director | 1993-06-17 | 1993-07-26 |
| POWELL, Anthony James | Director | — | 1992-11-16 |
| PRESTON, John | Director | 1992-01-15 | 1998-10-29 |
| RADICE, James Heneage | Director | 2005-09-13 | 2020-09-10 |
| RADICE, James Heneage | Director | 1999-11-30 | 2001-11-27 |
| RICH, Clive Daniel | Director | 1996-04-26 | 2005-04-11 |
| SCHLAG, Sabine Gabriele | Director | 2004-06-11 | 2005-11-09 |
| SEAR, Adrian Paul | Director | 2008-03-11 | 2020-09-10 |
| SMITH, John Frank | Director | 2004-06-11 | 2025-12-31 |
| SMITH, Timothy Spencer | Director | 2003-04-15 | 2007-08-22 |
| STACK, Peter | Director | 2010-02-16 | 2022-06-20 |
| STERNBERG, Jonathan | Director | — | 1997-06-24 |
| STOPPS, David Richard | Director | 2016-11-24 | 2022-11-24 |
| THOMS, Peter James | Director | 2020-11-25 | 2023-11-16 |
| TOONE, John Patrick Aidan | Director | 1995-03-23 | 1999-11-11 |
| WALE, Charles Patrick John | Director | 2002-09-18 | 2004-04-15 |
| WATSON, John Victor | Director | 2000-11-28 | 2009-10-13 |
| WENHAM, Alison Joan | Director | 1994-06-01 | 1996-06-25 |
| WRIGHT, Christopher Norman | Director | — | 1995-03-09 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 338 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type full | |
| 2026-06-05 | CH01 | officers | Change person director company with change date | |
| 2026-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-27 | CH01 | officers | Change person director company with change date | |
| 2025-12-27 | CH01 | officers | Change person director company with change date | |
| 2025-11-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-06 | AA | accounts | Accounts with accounts type full | |
| 2023-12-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-27 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.