Britain's self-styled "electro-punks" the Prodigy have a new label home.

The Liam Howlett-led trio have established their own label, Ragged Flag, which will handle their next album release, and projects from any subsequent signings.

The imprint is backed by U.K. indie Cooking Vinyl, label home to Billy Bragg, the Buzzcocks, Echo and the Bunnymen, and Hayseed Dixie.

Howlett says the as-yet untitled follow-up to 2004's U.K. chart topper ""Always Outnumbered, Never Outgunned" is taking shape. "We have been planning this for a while and we are looking forward to building our label up, starting off with the release of the new Prodigy album," he says. "We have recorded a few songs already for this next album and they are sounding big and mean."

Cooking Vinyl founder and managing director Martin Goldschmidt adds, "It is a real honor to be entrusted with handling affairs for Ragged Flag. This is a fantastic start to 2007, and it is the start of a new era for Cooking Vinyl." A release date for the forthcoming album has yet to be unveiled.

The new deal draws curtains on the Prodigy's long-time recording association with U.K. independent label XL, which stretches back to their first single, "Charly," the classic "rave" track which peaked at No. 3 on the Official U.K. Singles Chart back in 1991.