Liverpool global music publisher Sentric Music reveals annual pre-tax profits more than doubled to £1.2m despite a sharp fall in revenues. Tony McDonough reports
Pre-tax profits have more than doubled to £1.2m at Liverpool global music publisher Sentric Music as the company focused on higher margin business.
Sentric was founded in 2006 by Chris Meehan. Its aim is to offer the “fairest deal in the industry” to artists and songwriters. It collects royalties on their behalf from more than 200 territories worldwide.
It offers a 28-day rolling contract with an 80/20 royalties “split in your favour”. Its website says: “Doesn’t matter if you’ve written hundreds of songs or one, if your songs are played live, streamed, broadcast or used online you will be earning money.”
In accounts for the 12 months to December 31, 2025, published on Companies House, Sentric reported a 13% fall in revenues to £56.4m. This was mostly due to timing of major royalty receipts and minor accounting adjustments and since returned to growth in 2026.
Sentric claims to have supported more than 400,000 artists. In February 2022 it was acquired by Swiss music fintech business Utopia Music. However, since 2023 it has been owned by French outfit Believe SA.
It still operates as a standalone business from its headquarters in Exchange Flags in Liverpool city centre. It also has operations in London, New York, Hamburg and Palma in Spain. During the year employee numbers rose from 107 to 120.
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Writing in the annual report, director Stuart Chandler said: “Cost of sales fell by a greater proportion, down 18% to £46.2m, reflecting a strategic focus on higher margin business. Administrative expenses increased by 6% to £10m, reflecting a continued investment in people and technology.”
Turnover from the rest of the world represented 86% of the company’s turnover in the year, consistent with the wider group strategy of leveraging the international reach of its ultimate parent, believe SA.