thank you for the summon, Gina love! 💕 one of my favourite topics to talk about, hehe!
1️⃣ Yes, to this day they are still continuously generating quite a good chunk of money with 1D Media Ltd.. We can't see much in the Financial Statements (Accounts) anymore, though, because since 2020, 1D Media Ltd. is considered a Small Company again and all Accounts are abridged (showing only basics), no profits after tax, no details on what the income is generated from, no info on renumeration or cash flow between the companies, no business/strategy plan, nothing. :(
1D Media Ltd. was incorporated by Irish accountant Alan McEvoy (*1966) on 15 Dec 2010. (Alan's business address is in Ireland).
The company’s stated nature of business at the Companies House is “Performing arts”.
On 4 April 2016 (filed on 11 April 2016) all five boys resigned as directors of the company, leaving them only shareholders and controllers (PSCs).
Company incorporator and Irish accountant Alan McEvoy (*1966) was back in the saddle as director, plus now also lawyer Lawrence Engel (*1971).
To this day, Louis, Harry, Liam, and Niall are still the sole shareholders of 1D Media Ltd.. with 100 shares each.
Louis, Harry, Liam, and Niall were also still the controllers (PSC), meaning they decide what happens with said shares (money).
Liam’s cessation as controller (PSC)* was filed on 6 Feb 2025; backdated to the day of his passing, 16 Oct 2024. 💔 Posthumously, he still remains a shareholder. I suspect that all of his company shares were part of his will, but I don’t want to speculate any further on that. In any case, they should be part of his estate. As previously mentioned, Liam's estate doesn't include the role of a Director anymore and to this day, nobody from Liam's estate has been filed for a role in any of the 1D companies.
Louis, Harry, and Niall are now the sole controllers (PSC) of the company.
And in case anyone is interested, here is a timeline of:
Current assets (Debtors, fixed and tangible assets, prepayments, and cash at bank and in hand) at start of financial year → shareholders funds at end of financial year (£):
2011 - 1,7 million → 19k (release of Up All Night)
2012 - 6 million → 837k (Up All Night Tour) + (Big Time Rush support tour) + (release of Take Me Home)
2013 - 28,1 million → 4,5 million (release of Midnight Memories) + (Take Me Home Tour)
2014 - 57,1 million → 31,8 million (including ODOT LLP + Rollcall Touring Inc.: 39,5 million) (Where We Are Tour) + (release of Four)
2015 - 74 million → 70,2 million (including ODOT LLP + Rollcall Touring Inc.) (On The Road Again Tour) + (release of Made In The A.M.)
2016 - 4,9 million → 3,8 million
2017 - 7,1 million → 4,9 million
2018 - 8,7 million → 7 million
2019 - 9,2 million → 7,8 million
2020 - 5,2 million → 2,6 million
2021 - 2 million → 1,2 million
2022 - 3 million → 2,1 million
2023 - 3,1 million → 2,4 million
2024 - 3,5 million → 2,9 million
2025 - 4,2 million → 3,4 million
So yes, Harry, Louis, Niall, and Liam's estate are still gaining pretty steady income with that company and it looks to me like they don't take out much of the money each year, but as I said before - we cannot see much of anything with abridged Financial Statements (Accounts).
2️⃣ When we are talking about Liam and 1D companies, we also have to mention this one:
PPM Music Ltd. (The name stands for Princess Park Manor, the private gated complex they were moved into when they won the show.) was incorporated by Harry, Louis, Liam, Niall, and Zayn (named Zain) on 12 Dec 2011, with the listed occupation as Entertainers.
The company’s stated nature of business at the Companies House is “Performing arts”.
It is the company for 1D themselves as artists and songwriters (like LT Publishing Ltd. is for Louis and also like HSA Publishing Ltd. is for Harry).
In all of 1D’s album booklets you can see it saying that each song which at least one member of 1D has written on, is copyrighted by this company and each yearly Turnover in the Financial Statements (Accounts) should include their publishing royalties.
We can barely see anything in the Financial Statements (Accounts), though, because since 2020 PPM Music Ltd. is considered a Micro Company again and all Accounts are only showing the bare bones numbers.
On 31 Dec 2022 (but only filed on 18 Jan 2023), Niall, Liam, Louis, and Harry all resigned as directors of the company, leaving them only shareholders and controllers (PSCs).
Irish accountant Alan McEvoy (*1966) and lawyer Lawrence Engel (*1971) were both appointed as directors (just like with 1D Media Ltd.).
Liam’s cessation as controller (PSC) of this company was filed on 10 Dec 2024; backdated to the day of his passing, 16 Oct 2024. 💔 Posthumously, he still remains a shareholder. I suspect that all of his company shares were part of his will. In any case, they should be part of his estate. As previously mentioned -and same as with 1D Media Ltd.- Liam's estate doesn't include the role of a Director anymore and to this day, nobody from Liam's estate has been filed for a role in any of the 1D companies.
Today, all of 1D are still the sole shareholders, including Zayn❗️
Harry, Niall, Zayn, and Louis are also the sole controllers (PSC).
And just in case anyone is interested, here is a timeline of:
Current assets (Debtors, prepayments and accrued income, and cash at bank and in hand) at start of financial year → shareholders funds/capital and reserves at end of financial year (£):
2012 - 59k → 40k (release of Up All Night) + (release of Take Me Home)
2013 - 396k → 267k (release of Midnight Memories)
2014 - 885k → 729k (release of Four)
2015 - 1,6 million → 1,4 million (On The Road Again Tour) + (release of Made In The A.M.)
2016 - 2,1 million → 2 million
2017 - 2,3 million → 2,2 million
2018 - 2,4 million → 2,3 million
2019 - 2,4 million → 2,4 million
2020 - 2,5 million → 2,5 million
2021 - 1,9 million → 1,9 million
2022 - 2,1 million → 2 million
2023 - 401k → 392k
2024 - 235k → 228k
2025 - 420k → 416k
More in-depth info on this will be in the H&L Companies Masterpost I'm working on, which will be linked in my taglist.
additional resources:
my 1D Media Ltd. tag
my PPM Music tag
my 1D companies tag
• controller (PSC) of a company: PSC = person with significant control. They keep track of the investments. Most PSCs are those who hold more than 25% of shares and/or more than 25% of the voting rights and/or the right to appoint or remove the majority of the board of directors. (and potentially more)
• shareholder of a company: owns the company by buying and holding its shares, acting as the company's financial supporters. Anyone who owns 'shares' in a Limited Company (Ltd.) is called a shareholder. They own part of a company in relation to the proportion of shares they hold, for example: 10 shares total, 2 people who hold 5 shares each = both own 50%. Shareholders have certain rights, for example: directors may need shareholders to vote and agree to changes to the company. Shareholders potentially get paid out an annual dividend.
