was a London
based record label
, set up in 1992 by Saul Galpern who had previously been involved in the success of artists such as Simply Red, the Fall, Julian Cope, The Triffids, The Slits and The Au Pairs. The label's first success was with Suede
. Suede's debut album was the fastest selling debut album in UK history when it was released in 1993. Other artists signed to the label included Scottish band Geneva
who had top 20 success with their debut album Further
; Black Box Recorder
who had a top 20 hit with The Facts Of Life
in 2000; Ultrasound, Lowgold, and Billy Mackenzie
. The label had a licensing deal with Sony
outside the UK with the recordings going through 3mv
/vital and later on Pinnacle distribution.
In 1999 the label hit financial difficulties, which led to the label delaying the issuing of new releases and withholding salaries from its artists.
In December 2001, the label filed for voluntary liquidation
after losing their distribution deal with Sony and failing to secure a new deal. It was later revealed that the label had debts of £2.25 million and chose to not inform its artists of the labels plans to file for liquidation, leaving many of its artists in significant debt. One of the labels artists, Lowgold, later revealed that despite their salaries being repeatedly withheld and... Read More