[1] Historic Masters Ltd appears to have ceased operation in 2011 after the death of Roger Beardsley[2] who was director.
[5] The initial Historic Masters release was planned as a subscriber-only series of twenty reissues, pressed on high quality vinyl using original metal parts from the EMI archive.
[1][5] The British Institute of Recorded Sound directed the project under the supervision of Bebb with an advisory committee chaired by George Lascelles (Lord Harewood) and including the influential figure of Desmond Shawe-Taylor.
[1][5] Despite making a profit, the British Institute of Recorded Sound lost interest in the project.
It was able to release its first reissue in 1983: a set of five records produced in a similar manner as before and again distributed on a subscriber-only basis, thereby avoiding excess production.