Mpl Communications Limited

Mpl Communications Limited is a small, active company founded 56 years ago in 1968. Based in London, it has £19,454,120 in assets and employs 29 people. The company is led by three directors, including solo founder James Paul McCartney, and operates from a virtual address shared by 25 other companies – a bit of a red flag, really. It’s a solo founder, which is interesting.

The company’s primary focus is music licensing, as evidenced by its website. It manages rights for a roster of well-known artists, including Paul McCartney, Buddy Holly, and Carl Perkins. The site highlights licensing opportunities for film, TV, web, CDs, performance, and merchandising – a clear indication of its core business. There's even a section dedicated to placements, showcasing where its artists' music has been featured.

Financially, Mpl Communications Limited presents a mixed picture. While current assets increased by 18% to £19 million, net assets only grew by 9.2% to £28 million. Bank borrowings surged by 170% to £4.6 million, and cash reserves fell by 9.2% to £12 million. Creditors also increased significantly, by 35% to £1.8 million. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the increase in debt and decrease in cash reserves could be concerning. The accounts are unaudited, so the figures rely on internal reporting. The company’s auditor is Sopher + Co LLP.

Overall, Mpl Communications Limited seems to be navigating a period of change. While its core licensing business appears stable, the financial data suggests it’s burning through cash. Whether this is a temporary blip or a sign of longer-term challenges remains to be seen, but the company’s long history and established artist roster offer some reassurance.

Registered in England/Wales under the registration number 00944968, with a registered address at W1D 3BQ, 1 Soho Square, London.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.