The founder of the company, Richard Itter (5 April 1928 – 1 March 2014) of Burnham, Buckinghamshire, was a businessman and record collector.

RCS.2 was the first catalog number, and Gordon Jacob wrote a composition specifically for this album, "Elegy for Piano and Cello", to fill out the program on the disc.

Many Lyrita LPs became regarded as demonstration discs, suitable for showcasing the sonic qualities of high-end hi-fi equipment.

[3] Lyrita's stereophonic LPs from the SRCS series were also issued in the U.S. by the Musical Heritage Society (1972–1977) and HNH (1978–1979).

In summer 2006 Wyastone Estate Ltd (proprietors of Nimbus Records) reached an agreement with Richard Itter to distribute the company's entire catalogue over an 18-month period.