AVL EUROPE, LTD.
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Cash
£37m
+60% highest in 3 filed years
Net assets
£16m
-9.6% lowest in 3 filed years
Employees
245
+17.2% highest in 3 filed years
Profit before tax
-£719k
+75.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | £167,049,000 | £189,528,000 | £251,536,000 | +32.7% | |
| Operating profit | -£1,405,000 | -£1,849,000 | -£1,436,000 | +22.3% | |
| Profit before tax | £464,000 | -£2,910,000 | -£719,000 | +75.3% | |
| Net profit | -£81,000 | -£4,180,000 | -£1,674,000 | +60% | |
| Cash | £18,969,000 | £23,110,000 | £36,980,000 | +60% | |
| Total assets less current liabilities | £21,594,000 | £17,415,000 | £15,740,000 | -9.6% | |
| Net assets | £21,594,000 | £17,415,000 | £15,740,000 | -9.6% | |
| Equity | £21,594,000 | £17,415,000 | £15,740,000 | -9.6% | |
| Average employees | 208 | 209 | 245 | +17.2% | |
| Wages | £9,481,000 | £11,399,000 | £11,640,000 | +2.1% | |
| Directors' remuneration | — | — | — | — |
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 | -0.8% | -1.0% | -0.6% | |
| Net margin | -0.0% | -2.2% | -0.7% | |
| Return on capital employed | -6.5% | -10.6% | -9.1% | |
| Gearing (liabilities / total assets) | 79.3% | 84.1% | 88.6% | |
| Current ratio | 0.72x | 0.77x | 0.85x | |
| Interest cover | — | -1.14x | — |
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
- Consolidated group
- Auditor
- TAG Assurance Services Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources, including support by its US parent company, to continue in operational existence for the foreseeable future.”
Group structure
- AVL EUROPE, LTD. · parent
- Ivory Plus Records B.V. 100%
- IIP-DDS B.V. 100%
- FUGA IP B.V. 100%
- FUGA North America LLC 100%
- FUGA Music UK Limited 100%
- FUGA Italy S.R.L. 100%
- Songspace Acquisition LLC 100%
- FUGA Asia Pacific Ltd 100%
- AVL IIP Holdings B.V. 100%
- Simbals SAS 100%
- CD Baby LATAM SAS 100%
- Independent IP B.V. 100%
- Curve Royalty Systems Limited 100%
Significant events
- “On February 20, 2026, the Parent and UMG closed the UMG Transaction after committing to the European Commission to divest Curve.”
- “FUGA's investment in DotBlockchain entity in the blockchain technology in the Music industry came to its end in January 2025, meaning the Company's shares have been purchased back by the founder.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KERSTENS, Jpc | Director | 2026-01-28 | Oct 1962 | Dutch |
| NORTHEAST, Elizabeth Ann | Director | 2024-03-05 | May 1979 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERGMAN, Andrew Jon | Director | 2020-01-15 | 2026-01-28 |
| MADDUX, Tracy | Director | 2018-10-11 | 2023-12-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Universal Music Group N.V. | Corporate entity | Shares 75–100% (as firm) | 2026-02-20 | Active |
| Jessica Blair Kimmel | Individual | Significant influence (as trust) | 2018-10-11 | Ceased 2026-02-20 |
| Mrs Laura Rose Davies | Individual | Significant influence (as trust) | 2018-10-11 | Ceased 2026-02-20 |
| Thomas Campbell Myers | Individual | Significant influence (as trust) | 2018-10-11 | Ceased 2026-02-20 |
Filing timeline
Last 20 of 42 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-04-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-16 | AA | accounts | Accounts with accounts type full | |
| 2025-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-30 | AA | accounts | Accounts with accounts type group | |
| 2024-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-30 | AA | accounts | Accounts with accounts type group | |
| 2024-04-26 | AA | accounts | Accounts with accounts type group | |
| 2024-04-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.