Experian slumps to loss after £158m tax bill

Experian, the Nottingham-based business services giant, has slumped to £30m loss after being hit with a tax bill of £158m.

The company’s newly-filed account for the year to the end of March sees a substantial reverse for the company, which made a profit of £63m in 2022.

Experian said it had come to a settlement with HMRC over “historic uncertain tax positions” related to pricing and financing.

Revenue at the company continued an upward trajectory, however, rising by 6% to £645m.

Experian, which employs around 2,000 people in Nottingham said in a statement signed off by directors: “The 2023 results and the financial position at year-end are considered satisfactory.”