Simplify the following text for a Grade 10 native English-speaking person.
Original: Syco is a trading name for Simco Limited , a London-based British entertainment company established in 2002 by A&R executive , television producer and talent show judge Simon Cowell .
Simplified: Syco or Simco Ltd is a British entertainment company established in 2002 by X Factor and Britain 's Got Talent judge , Simon Cowell .