Company to record neon perfume (7)
I believe the answer is:
cologne
'perfume' is the definition.
(I know that cologne is a type of perfume)
'company to record neon' is the wordplay.
'company' becomes 'co' (abbreviation).
'to record' becomes 'log' (logging is a kind of recording).
'neon' becomes 'Ne' (chemical symbol).
'co'+'log'+'ne'='COLOGNE'
(Other definitions for cologne that I've seen before include "Scent - German city" , "German river port" , "Town" , "Refreshing scent" , "Foreign city" .)