Equifax looks to build on WFBC deal

CREDIT reference agency Equifax has bought Cumbernauld-based Workload Financial Business Consultants (WFBC) for an undisclosed sum.

Equifax said the takeover will help it enter new markets using WFBC's data on "individual savings accounts, bonds, pensions and mortgages".

Abbreviated accounts filed at Companies House showed that shareholders' funds at WFBC fell from 2.9 million to 834,000 in the year to 31 March, with director Mark Hamill receiving a dividend of 3.1m. The other shareholders were listed as Jane Hamill and Jack Marsh.