IFPI SECRETARIAT

1. IFPI SECRETARIAT 1980-12-31 → present
2. I F P I (SECRETARIAT) LIMITED 1978-11-27 → 1980-12-31

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are confident that with the availability of finance from the parent entity and the current cash position, that there is a reasonable expectation that the entity has adequate resources to continue in operational existence for the foreseeable future. The parent entity, which itself provides funding to the company, is in part funded in line with the growth of the global recorded music market, which appears to be in a strong position, meaning funding of the Secretariat should not be negatively affected. The parent company is expected to have the funding required to cover the services provided by IFPI Secretariat and has continued support from the major international record companies and other members. Having considered these factors together with the fact that the ultimate parent undertaking has provided a letter confirming it will provide the necessary financial assistance as required for a period of at least 12 months from the date of signing of these financial statements, the directors believe that it is appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. IFPI SECRETARIAT · parent
   1. Recording Industry Trading Company Limited 100% · England and Wales · publishing of commercial information within the music industry
   2. Repertoire Data Exchange Limited 50% · England and Wales

Significant events

• “The services provided during the year to the parent company resulted in turnover of £13,947,000 compared to £11,538,000 in the previous year. This represents an increase in the services provided of 20.9% in the year (2023: increase of 17.7%).”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +20.9%

  £11,538,000 → £13,947,000

• Cash

  -58.6%

  £1,366,000 → £566,000

• Net assets

  —

  Not reported

• Employees

  +4.4%

  68 → 71

• Operating profit

  +106%

  -£150,000 → £9,000

• Profit before tax

  -14.3%

  £7,000 → £6,000

• Wages

  +23.3%

  £7,161,000 → £8,826,000

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