Radiohead sleuths of the world, unite. For the first time since the Kid A Mnesia reissue—and, before that, the months leading up to A Moon Shaped Pool—all five members of the band have formed a limited liability partnership, a type of business entity that helps Radiohead exist outside the normal record label model. The band incorporated RHEUK25 LLP this week, on March 10, suggesting activity is under way. Whether it pertains to a reissue, an elusive 10th studio album, their first tour since 2018, or something more innocuous remains to be seen in the coming months.

It could, of course, be a total red herring. But note that the Smile—Thom Yorke and Jonny Greenwood’s band with Tom Skinner—employ a similar process: Yorke and Greenwood were listed as officers of Self Help Tapes LLP, an entity formed soon before the announcement of the trio’s debut album in 2022. In the past, Radiohead have formed entities for touring and distributing a new record, but they have not yet formed one for the purpose of carrying on doing nothing.

As ever with Radiohead, details are scarce, and their representatives had nothing to share. The members have been coy about the band’s future—sometimes dousing it with cold water, others alluding to informal meet-ups that may or may not lead to a return to the studio or stage. Perhaps coincidentally, the band released a video this morning marking the 30th anniversary of The Bends.

Radiohead lifers will recall the fanfare, in 2016, when the now-defunct At Ease forum uncovered Dawn Chorus LLP and, later, Dawnnchoruss Ltd., entities that—as had been speculated—went on to release A Moon Shaped Pool. Radiohead had founded Xurbia Xendless Ltd., in 2007, before releasing In Rainbows, and Ticker Tape Ltd. three years later, ahead of The King of Limbs. Its latest entity before RHEUK25 LLP was Spin With a Grin, formed six months before the announcement of Kid A Mnesia.