PHONOGRAPHIC PERFORMANCE LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Management considers the going concern basis to be appropriate despite the net liability and net current liability position, as the timing of current liabilities payable to members is at the discretion of the Company. The conclusion is that sufficient funds are expected to be generated within the Company so as to meet the liabilities of the Company as they fall due. Thus, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. PHONOGRAPHIC PERFORMANCE LIMITED · parent
   1. PPL PRS Limited 50% · UK · collection of public performance income

Significant events

• “PPL management regularly communicated with the PPL Board and the Finance and Audit Committee in relation to legislative matters that had the potential to impact on PPL's operations and membership. The main example being the consultation from the UK Intellectual Property Office on performer qualification.”
• “As at the end of 2024, there remains uncertainty in the geopolitical landscape that may bring tougher economic conditions for both PPL's licensees and members.”
• “The Company is aware of the 2023 ruling in the Virgin Media vs NTL Pension Trustee case and subsequent court of appeal ruling published in July 2024. These ruled that certain amendments made to the NTL Pension Plan were invalid because they were not accompanied by the correct actuarial confirmation.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +6.2%

  £283,546,000 → £301,027,000

• Cash

  +63.4%

  £30,290,000 → £49,479,000

• Net assets

  0%

  -£3,808,000 → -£3,808,000

• Employees

  +3.2%

  222 → 229

• Operating profit

  +5.8%

  £246,801,000 → £261,146,000

• Profit before tax

  +6.1%

  £250,811,000 → £266,055,000

• Wages

  +9.9%

  £15,864,000 → £17,428,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers