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The Guardian - UK
The Guardian - UK
Business
Anna Isaac

Profits soar at UK firm set up to help government chase unpaid debts

HMRC letter about avoiding penalty fines
HMRC was one of the first customers of Integrated Debt Services, which trades as Indesser. Photograph: Peter Malcolm/Alamy

A company created to help the government chase unpaid fines, loans and council tax saw its profits rocket by 132% last year.

Integrated Debt Services (IDS), which trades as Indesser and whose parent company is the credit information firm Equifax, saw its pre-tax profits rise to £18.1m in 2022, sharply up on 2021’s figure of £7.8m. Revenues nearly doubled to £60m.

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