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Firstsource Expands UK Footprint with £22 Million Pastdue Credit Solutions Acquisition

Updated: July 18, 2025 18:02

Image Source : Moneycontrol

Firstsource Solutions Ltd has announced that its UK subsidiary, Firstsource Solutions UK Ltd, will acquire Pastdue Credit Solutions Ltd (PDC) for £22 million, marking a strategic push into the UK’s debt recovery market.

Key highlights:

The deal includes upfront cash and performancelinked earnouts, subject to regulatory approvals from the FCA and under the

National Security and Investment Act 2021.

PDC, founded in 2005, specializes in whitelabel, early arrears, and debt recovery services across utilities, telecom, and public sectors.
In its latest financial year (Nov 2023–Oct 2024), PDC posted £16.9 million in revenue and £3.4 million in operating profit.

Strategic rationale:

The acquisition strengthens Firstsource’s financial services portfolio and expands its presence in the £1.9 billion UK collections market.
PDC will become a stepdown subsidiary, integrating Firstsource’s AIdriven capabilities with PDC’s local expertise.

Sources: Business Upturn, The Guardian, CB Insights, Companies House UK

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