The company, which is regularly listed as one of Nottinghamshire's largest employers and most successful businesses, slumped to a £30 million loss last year
Nottingham-based Experian has revealed its successful recovery from a massive tax bill that resulted in it recording a multi-million loss last year. The business services firm has around 2,000 staff stationed at its Sir John Peace building in the city's NG2 Business Park, which is the main base for the multinational company's UK operations.
This is lower than the £63 million profit it had garnered in 2022, but Experian's directors said they were pleased revenue had increased by 3 per cent to £664 million in the most recent financial year, despite what a report called "underlying market softness". While the firm's consumer services brought in the same amount of cash as last year, its business-to-business trade rose to £527 million up from £508m the year before.
The firm said new products were a "key growth contributor" and explained that its use of data had secured business with FinTech companies, government, and traditional customers. It added that its subscription business had "gained momentum" with consumers, giving it a strong end to the financial year.
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