Spotify UK drop into the red last year, since subscription revenue fell and the music streaming service invested more in growth here.
When compared to 2011's profit of £21 million, accounts reveal Spotify's British arm made a loss of £10.1 million in 2012.
Down from £96.5 million a year earlier in 2012 it fell to £92.6 million, the online music streaming platform saw this revenue fall.
The decrease in revenue was partially down to its decline in subscription, which fell from £72.4 million to £64.7 million because of the alteration in the way subscriptions were booked.
A minimal increase was seen by UK advertising on the platform, rising from £8.1 million to £9.1 million to the year ending December 31. Sources say that subscription numbers have been growing strongly in 2013 thanks in part to partnerships with the likes of Vodafone.
Spotify UK declined to comment on its accounts but earlier in the year parent company Spotify Group said: "In 2012 the business focused on driving user growth, international expansion and product development, resulting in soaring user numbers and increased market penetration.
"Our key priority throughout 2013 and beyond remains bringing our unrivalled music experience to even more people while continuing to build for long-term growth - both for our company and for the music industry as a whole."
With its operations in the thirty two countries around the world, Spotify lets users stream 10 hours of music a month for free with advertising or pay a subscription fee for unlimited, advertising-free listening. Naming Sony, Universal and EMI, and to date has paid out $500 million in royalties to artists, the company has signed deals with major record labels with the said records.
With 5 million paying subscribers Globally Spotify saw users leap from 11 million to 20 million in the year. UK numbers were not disclosed. From March this year figures demonstrate this has augmented to 24 million users and 6 million subscribe
The think tank Centre for Economics and Business Research (CEBR) predicts the UK economy will outstrip France and Germany within two decades even if Britain stays in the EU.
But while leaving the organisation would have initial negative consequences, the CEBR's chief executive Douglas McWilliams suspects "that over a 15-year period, it would probably be positive."
Britain is set to vote on a referendum on EU membership in 2017.
The report predicts the UK's GDP will first move to fifth place ahead of France by 2018 before leapfrogging Germany around 2030.
However, despite being forecast to be the second most successful of the Western economies after the US, it will fall behind the accelerating economies of India and Brazil.
"Germany is forecast to lose its position as the largest Western European economy to the UK around 2030 because of the UK's faster population growth and lesser dependence on the other European economies," the report said.
But added: "If the euro were to break up, Germany's outlook would be much better.
"A Deutsche Mark-based Germany certainly would not be overtaken by the UK for many years if ever."
It added that a factor driving the UK's move ahead of Germany is the assumption of a falling value for the euro, Germany's falling population and the UK's rising population.
The gap between the two countries will fall from almost £610billion in 2013 to just £183billion in five years.
The UK's GDP will grow from more than £1.59trillion in 2013 to £2.6trillion in 2028, compared to China which is predicted to be in top position with a GDP of more than £20.5trillion, ahead of the US with an estimated £19.7trillion
Japan will fall from its steady position in the global league of third to fourth by 2028, overtaken by India and followed by Brazil, Germany and the UK.
The positive report on the economy comes as a poll reveals more people believe they would be helped rather than harmed by a rise in interest rates.
A survey reveals that a pre-
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