Credit Reporting Agency is an operator of UK and international online credit reporting and comparison services. Its portfolio includes checkmyfile.com, which provides the UK’s only multi agency credit report, with data from Equifax, Experian, TransUnion and Crediva. As the first website in the UK to give consumers online access to credit reports it has built its reputation on unrivalled customer service, and has been consistently rated ‘best in category’ on Trustpilot.
This buy-out has enabled the management team to own the business outright.
Chris Stamp, Managing Director, says, “We were delighted to complete this transaction and deliver an exit for the founding shareholders. We look forward to continuing to build our brand, customer service levels and reputation in the marketplace.”
Isca Ventures acted as lead corporate finance advisors within the transaction, with funding provided by Santander Growth Capital. Legal advisers were Michelmores, Foot Anstey and White Jackman.
Mark Champion, Partner at Isca Ventures, says “It has been a pleasure to be part of the Board of Directors over recent years and see the business and its reputation in the marketplace continue grow. We have every confidence this transaction will enable this growth to continue, both in the UK and overseas.”
Peter Abel, Director at Santander Growth Capital, added, “Credit Reporting is an established and successful B2C services business which we have been involved with for over five years. We are pleased to continue to support the management team as they develop the business further in this exciting growth sector.”