Loony Records was a DIY label. It managed to put out at least two singles, both of which were by The Revenge; it seems like a good guess that it was owned by that band.  The singles were 'Our Generation' (LOO-1), and 'We're Not Gonna Take It' (LOO-2; SRTS/78/CUS231); they both came out in 1978.  Manufacture was by SRT, and the label shared the standard 'SRT product' design format. Revenge Band Members were Lol Hammond (Guitar & Lead Vocals), Dave Edgar (Drums & Backing Vocals), Ian Carter aka Ian Strange (Bass & Backing Vocals). Distributed By Loony Records. Thanks to Robert Lyons For The Info.

78 Revenge Our Generation LOONY LOO 1
78 Revenge We'Er Not Gonna Take It LOONY LOO 2

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