As label manager I can say Esoteric/Cherry Red have a contractual obligation pay royalties to whoever we licence from and whom the copyright owner is. In this case we have to pay another label who are the copyright holders. It is then up to that label to pay any royalties due, (if they are due) which depends on various factors such as recoupment etc. Unfortunately we only have control over artists royalty payments when the deal was a direct one with an artist who owns the copyright on their material.
Publishing though is a different matter and that is paid direct to the MCPS by Cherry Red and in turn goes to the songwriters within the band if its original material or their publishing company if they use a publisher.