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There are parallels in more recent times with Sour Mash, the label set up by Noel Gallagher in 2001 at the peak of his fame.

Yet the history of these concerns suggests wannabes should be wary of hitching their wagons to such stars: many end up as vanity projects, toys for big names to play with and then discard.

marks a productive three years for Burgess, whose O Genesis company has been instrumental in revitalising the career of cult star R Stevie Moore and providing a solo outlet for Lambchop’s Kurt Wagner.

Such milestones may not match The Charlatans’ baggy heyday, yet the former Madchester pin-up finds himself close behind other successful artist-run record companies such as Jack White’s Third Man Records.

The label also provided early support for classical composer John Tavener (thanks, in part, to Ringo Starr), though these were rare achievements in a roster that rapidly became a flabby drain on their resources.

Many of The Beatles’ selections proved merely risible, as with singer/songwriter Chris Hodge, who had bonded with Starr over UFOs; the story of Badfinger was ultimately tragic – two founding members, Pete Ham and Tom Evans, later committed suicide.