Enjoy unlimited access: just £1 for 12 weeks

Subscribe now

However, they say that they will still charge the 15% administration fee, despite not successfully passing on the royalty to the relevant artist.

In addition, it is understood that DACS will keep any interest earned on the money while it has been in their possession over the six-year period.

DACS say they will be expanding their team in order to trace more qualifying artists and are receiving training from experts in tracing missing heirs and beneficiaries.