Is RKA Records Still in Business? (2026 Update)
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Look for RKA Records on AmazonFull story →Ryan Ashmore and Liam Webb pitched their young label, RKA Records, in series 9, offering up nearly all of it in exchange for backing.
The company technically still exists, but it has not functioned as a working record label for a long while.
Trading Almost All of It Away
The pair asked for £50,000 for a striking 79 percent of the company, a trade that shows just how much they needed both the money and a well-connected name behind them to get the label moving.
Duncan Bannatyne took the deal as pitched, which effectively put him in charge from the moment it closed, with Ashmore and Webb staying on to run things day to day.
Two Name Changes, Then Quiet
By 2012 the company had become Bannatyne Music under new management from Kevin Savage, and by 2018 it had changed again to Savage Digital Ltd, still its registered name today.
Coverage of the business describes it these days as more of a personal project for its owner than a working label chasing new signings. Renaming a company twice within six years usually points to a business still hunting for a model that works rather than one that found it.
What The Deal Actually Bought
A big cheque on television guarantees almost nothing about long-term survival. Bannatyne ended up owning nearly the whole company and it still quietly stopped functioning as the artist-signing label Ashmore and Webb had originally pitched.