AWAL RECORDINGS LTD
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Next accounts due
2026-03-31
Overdue
Confirmation statement due
2027-05-21 (in 1y)
Last made up 2026-05-07
Watchouts
Cash
£213K
-59.4% vs 2022
Net assets
-£9M
+8.1% vs 2022
Employees
66
-18.5% vs 2022
Profit before tax
£844K
+126.5% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-31.
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
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
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Turnover | £38,470,000 | £31,745,000 | |
| Operating profit | -£3,182,000 | £2,028,000 | |
| Profit before tax | -£3,182,000 | £844,000 | |
| Net profit | -£3,182,000 | £834,000 | |
| Cash | £524,000 | £213,000 | |
| Total assets less current liabilities | -£10,259,000 | -£9,425,000 | |
| Net assets | -£10,259,000 | -£9,425,000 | |
| Equity | -£10,259,000 | -£9,425,000 | |
| Average employees | 81 | 66 | |
| Wages | £5,686,000 | £4,775,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | -8.3% | 6.4% | |
| Net margin | -8.3% | 2.6% | |
| Return on capital employed | 31.0% | -21.5% | |
| Gearing (liabilities / total assets) | 132.0% | 117.9% | |
| Current ratio | 0.75x | 0.85x | |
| Interest cover | — | 1.71x |
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
- 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 company made a profit for the year of £834k (2022: loss of £3,182k) and has net liabilities of £9,425k (2022: £10,259k). The Company's parent, Orchard Enterprises NY, Inc., has confirmed that it will provide financial support to the Company such that the Company is able to operate as a going concern and to settle its liabilities as they fall due.”
Significant events
- “On 18 May 2021, 100% of the issued share capital of the company was acquired by The Orchard, EU Limited, the company's now immediate parent company. Following the acquisition, the Competition and Markets Authority launched an enquiry into the acquisition into whether the acquisition would reduce competition in the market. This was concluded and the report published with no issues noted.”
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 98 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2022-06-28 | AA01 | accounts | Change account reference date company previous extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.
Year-on-year
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
-17.5%
£38,470,000 £31,745,000
-
Cash
-59.4%
£524,000 £213,000
-
Net assets
+8.1%
-£10,259,000 -£9,425,000
-
Employees
-18.5%
81 66
-
Operating profit
+163.7%
-£3,182,000 £2,028,000
-
Profit before tax
+126.5%
-£3,182,000 £844,000
-
Wages
-16%
£5,686,000 £4,775,000
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