AVL EUROPE, LTD.
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Cash
£23K
+21.8% highest in 3 filed years
Net assets
£17M
-19.4% vs 2023
Employees
209
+0.5% vs 2023
Profit before tax
-£2.9M
-727.4% vs 2023
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
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-10-31 | 2020-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £167,049,000 | £189,528,000 | +13.5% | |
| Operating profit | — | — | — | -£1,405,000 | -£1,849,000 | -31.6% | |
| Profit before tax | — | — | — | £464,000 | -£2,911,000 | -727.4% | |
| Net profit | — | £206,000 | £311 | -£81,000 | -£4,180,000 | -5,060.5% | |
| Cash | — | — | £11,683 | £18,969 | £23,109 | +21.8% | |
| Total assets less current liabilities | £4,502 | — | — | £21,594,000 | £17,415,000 | -19.4% | |
| Net assets | £4,502 | £29,508,000 | — | £21,594,000 | £17,414,000 | -19.4% | |
| Equity | £4,502 | — | £29,298 | £21,594,000 | £17,414,000 | -19.4% | |
| Average employees | 4 | 7 | — | 208 | 209 | +0.5% | |
| Wages | — | — | — | £9,481 | £11,399 | +20.2% | |
| 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 | 2019-10-31 | 2020-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -0.8% | -1.0% | |
| Net margin | — | — | — | -0.0% | -2.2% | |
| Return on capital employed | — | — | — | -6.5% | -10.6% | |
| Current ratio | — | — | — | 0.72x | 0.77x | |
| 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
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
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 December 16, 2024, the Parent entered into a definitive agreement with Virgin Music Group whereby it would acquire Music Holdings LLC for cash consideration of USD $775,000,000. However, the acquisition is subject to regulatory approval and not officially closed as of the date of these financial statements.”
- “The Company's Board and Shareholders have come to a difficult decision to close the DotBlockchain / Verifi Media operations, which was announced in January 2025.”
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 40 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2022-12-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-12-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- 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.