Les Reed set up Chapter One records, and wrote an enormous number of well known theme tunes, as well as the hits Delilah and It’s Not Unusual for Tom Jones.
The titling is very early seventies, Letraset used to do this font, Bookman Bold Italic (which originated back in the 19th century; most web sources say it was redesigned in 1975 but this sleeve predates that by four years). I certainly got through a few sheets back then. I’m not sure todays digitised version has the fancy extra swashes which really made it stand out.
Curiously the sleeve credit says the abstract painting is based on a Spirograph original, which is clearly wrongly remembered. However there was a toy back in the early 70s which allowed you to squirt paint onto a spinning sheet of paper – fixed to a small turntable driven by batteries – to produce art like this (they still make a version in America, the Paint n Swirl). Maybe Spirograph marketed something similar back then?