XL RECORDINGS LIMITED
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Cash
£28m
-8.8% vs 2024
Net assets
£45m
-17.8% lowest in 3 filed years
Employees
29
+3.6% vs 2024
Profit before tax
£10m
-28.6% vs 2024
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 |
|---|---|---|---|---|---|
| Turnover | £55,220,015 | £62,863,724 | £70,762,487 | +12.6% | |
| Operating profit | £9,663,196 | £12,788,168 | £9,159,267 | -28.4% | |
| Profit before tax | £10,471,193 | £14,698,891 | £10,490,480 | -28.6% | |
| Net profit | £7,973,891 | £10,995,171 | £7,822,870 | -28.9% | |
| Cash | £22,363,816 | £30,404,553 | £27,716,217 | -8.8% | |
| Total assets less current liabilities | £53,641,378 | £55,012,087 | £45,226,614 | -17.8% | |
| Net assets | £53,515,623 | £54,876,488 | £45,090,917 | -17.8% | |
| Equity | £53,515,623 | £54,876,488 | £45,090,917 | -17.8% | |
| Average employees | 32 | 28 | 29 | +3.6% | |
| Wages | £2,625,673 | £2,424,721 | £2,711,577 | +11.8% | |
| Directors' remuneration | £1,524,609 | £1,310,279 | £1,509,420 | +15.2% | |
| Directors' pension contributions | £16,533 | £16,714 | £16,221 | -2.9% | |
| Highest paid director | £1,097,949 | £883,195 | £1,081,374 | +22.4% |
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 | 17.5% | 20.3% | 12.9% | |
| Net margin | 14.4% | 17.5% | 11.1% | |
| Return on capital employed | 18.0% | 23.2% | 20.3% | |
| Gearing (liabilities / total assets) | 20.9% | 22.9% | 26.2% | |
| Current ratio | 4.12x | 3.72x | 3.16x |
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.
Name history
Renamed 2 times since incorporation
- XL RECORDINGS LIMITED 1996-04-17 → present
- HERO MUSIC LIMITED 1995-12-15 → 1996-04-17
- SPEED 5198 LIMITED 1995-11-15 → 1995-12-15
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- SRLV Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- XL RECORDINGS LIMITED · parent
- XL Recordings, Inc 100%
- Beggars Music Limited 100%
- 4AD Songs Limited (indirect) 87.5%
- Young Music Publishing Limited (direct and indirect) 100%
- Young Recordings Limited 51%
- Young Space Ltd (direct and indirect) 89%
- New Young Space Ltd (indirect) 36%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EBBETT, Neela | Secretary | 2014-06-06 | — | — |
| BEARDSWORTH, Ben Scott | Director | 2013-12-04 | Jun 1974 | British |
| EBBETT, Neela | Director | 2024-10-21 | Sep 1967 | British |
| MILLS, Martin Charles | Director | 1996-04-01 | May 1949 | British |
| REDDING, Paul Michael | Director | 2013-12-04 | Sep 1965 | British |
| RUSSELL, Richard | Director | 1995-11-21 | Mar 1971 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOLT, Nigel Peter | Secretary | 1996-04-01 | 2013-12-04 |
| HAL MANAGEMENT LIMITED | Corporate Secretary | 1995-11-21 | 1996-04-01 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 1995-11-15 | 1995-11-21 |
| WORTHINGTON, Nicholas | Director | 1999-05-24 | 2001-06-30 |
| WYLLIE, Ewen James | Director | 1996-04-01 | 2006-09-19 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 1995-11-15 | 1995-11-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Richard Russell | Individual | Shares 25–50% | 2016-11-15 | Active |
| Beggars Group Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-11-15 | Active |
Filing timeline
Last 20 of 120 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-28 MA Memorandum articles
- 2024-11-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2025-12-16 | AA | accounts | Accounts with accounts type full | |
| 2025-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-28 | MA | incorporation | Memorandum articles | |
| 2024-11-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-13 | SH08 | capital | Capital name of class of shares | |
| 2024-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-25 | AA | accounts | Accounts with accounts type group | |
| 2023-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-14 | AA | accounts | Accounts with accounts type group | |
| 2022-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-16 | AA | accounts | Accounts with accounts type group | |
| 2021-11-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-30 | AA | accounts | Accounts with accounts type group | |
| 2021-03-24 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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.