30 Apr 2025

COMPASS is a public company formed under the Companies Act. As such, any member of the public can obtain a copy of the audited annual accounts, which will clearly show that royalties collected, less administration costs, are all distributed out to Members and affiliate Societies. COMPASS also pays very little company tax as it does not make any profit from its licensing operations. The administration costs, which generally vary between 15% – 18%, are to sustain the administration and enforcement operations of the Society. Our audited financial statements are found in our Annual Reports which are publicly available on our website.