Penny Farthing Records was founded in 1969 by music producer and entrepreneur David Howells in the United Kingdom. Initially focused on progressive rock and folk music, the label became known for its eclectic roster during the early 1970s. Key artists included the influential band The Pretty Things, known for their psychedelic sound, and the folk-rock group The Strawbs. Penny Farthing also released works by other notable acts like the jazz-rock ensemble The Mike Westbrook Concert Band. Throughout the 1970s, the label expanded its genre scope, incorporating pop and rock, but faced challenges in the changing music landscape of the late 1970s and early 1980s. By the mid-1980s, Penny Farthing had largely ceased operations. Despite its relatively short lifespan, the label left a lasting impact on the British music scene, particularly in the realms of progressive rock and folk, and its catalog continues to be appreciated by collectors and enthusiasts today.