AWAL RECORDINGS LTD
Get an alert when AWAL RECORDINGS LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£563k
highest in 3 filed years
Net assets
£12m
highest in 3 filed years
Employees
—
Average over period
Profit before tax
£23m
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £38,470,000 | £31,745,000 | £56,691,000 | — | |
| Operating profit | -£3,182,000 | £2,005,000 | £24,953,000 | — | |
| Profit before tax | -£3,182,000 | £821,000 | £23,212,000 | — | |
| Net profit | -£3,182,000 | £811,000 | £24,142,000 | — | |
| Cash | £524,000 | £213,000 | £563,000 | — | |
| Total assets less current liabilities | -£10,259,000 | -£9,425,000 | — | — | |
| Net assets | -£10,259,000 | -£11,855,000 | £12,287,000 | — | |
| Equity | -£10,259,000 | -£11,855,000 | £12,287,000 | — | |
| Average employees | 81 | 66 | — | — | |
| Wages | £5,686,000 | £2,361,000 | £3,570,000 | — | |
| Directors' remuneration | £0 | £0 | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 15 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | -8.3% | 6.3% | 44.0% | |
| Net margin | -8.3% | 2.6% | 42.6% | |
| Gearing (liabilities / total assets) | 132.0% | 122.5% | 85.8% | |
| Current ratio | 0.75x | 0.81x | 1.17x | |
| Interest cover | — | 1.69x | 14.02x |
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 3 times since incorporation
- AWAL RECORDINGS LTD 2018-03-19 → present
- KOBALT MUSIC RECORDINGS LTD 2017-03-06 → 2018-03-19
- KOBALT LABEL SERVICES LIMITED 2012-05-28 → 2017-03-06
- KOBALT DIGITAL SERVICES LIMITED 2008-06-12 → 2012-05-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Disclaimer of opinion
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The directors have received notice from it's group company, Orchard Enterprises NY, Inc., that it will support the operational needs of the company in order to allow it to meet its liabilities as and when they fall due for a period of at least 12 months from the date of approval of the financial statements. Therefore, the directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of Orchard Enterprises NY, Inc.”
Significant events
- “During the year, management carried out a comprehensive review to reconcile accrued balances within Royalty payables and Royalty advances to the company's subledgers. This resulted in a significant accounting true-up, increasing profit before tax by £22,667K through other income.”
- “The company made a profit after tax for the financial year of £24,142K (2023 restated: £811K).”
- “The company's turnover was £56,691K (2023: £31,745K) and operating profit was £24,953 (2023 restated: £2,005K) during the period ended 31 March 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HITCHMAN, Paul Couves | Director | 2025-05-22 | Nov 1964 | British |
| OLINICK, Lonny | Director | 2021-05-14 | Jun 1981 | American |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FITZHERBERT-BROCKHOLES, James Piers | Secretary | 2008-06-12 | 2019-02-19 |
| SANSONE, Thomas | Secretary | 2020-03-31 | 2021-05-18 |
| WINCHESTER, Christiaan | Secretary | 2019-02-19 | 2020-03-31 |
| AHDRITZ, Willard Bengt Anders | Director | 2020-09-01 | 2021-05-18 |
| AHDRITZ, Willard Bengt Anders | Director | 2008-06-12 | 2017-05-25 |
| ARNAY, James | Director | 2020-03-31 | 2021-05-18 |
| FITZHERBERT-BROCKHOLES, James Piers | Director | 2008-06-12 | 2019-02-19 |
| HUBERT, Laurent | Director | 2020-03-31 | 2021-05-18 |
| LARIZADEH DUGGAN, Avid | Director | 2019-02-19 | 2019-11-29 |
| SANDERS, Richard | Director | 2012-11-13 | 2017-06-30 |
| SANSONE, Thomas | Director | 2017-05-25 | 2021-05-18 |
| TAUSIS, Ann Irene | Director | 2021-05-14 | 2025-05-22 |
| WINCHESTER, Christiaan James | Director | 2017-05-25 | 2020-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Orchard, Eu Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-05-14 | Active |
| Kobalt London Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-01-10 | Ceased 2021-05-14 |
| Kobalt Music Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2018-01-10 |
Filing timeline
Last 20 of 99 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-19 | AA | accounts | Accounts with accounts type full | |
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | CH01 | officers | Change person director company with change date | |
| 2025-02-24 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | AA01 | accounts | Change account reference date company current extended | |
| 2024-11-18 | AA | accounts | Accounts with accounts type full | |
| 2024-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-21 | AD03 | address | Move registers to sail company with new address | |
| 2024-05-21 | AD02 | address | Change sail address company with new address | |
| 2023-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-15 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-02-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-08-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-06-29 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.