This is especially true in regard to unpaid royalties owed to the Small Faces, who made numerous hit recordings for the label between 1967 and 1969.

Despite their success, the band received virtually no income from these often re-released records, until legal action finally secured payments from the present licencees in the early 2000s.

[citation needed] According to Small Faces drummer Kenney Jones, most of Immediate Records' assets and income were embezzled by one of the company's senior partners, who allegedly channelled the funds to offshore bank accounts.

Then Immediate Records set up a short-lived deal with United Artists, who issued two singles using the Immediate moniker (E-1901, E-1902) before signing a deal with CBS to set up a new label series, which picked selective Immediate Records singles (using product codes with the ZS7 prefix) and albums (using Z12) until they had a dispute.

[citation needed] In 2008, a comprehensive book about Immediate Records, written by Simon Spence, who 'ghosted' Andrew Loog Oldham's two autobiographies, was published in the UK and US by Black Dog as part of their Labels Unlimited series.