Firstsource completes 100% acquisition of UK-based Pastdue Credit for £22 million

Firstsource Solutions has completed the acquisition of Pastdue Credit Solutions Limited (PDC), a UK-based debt collections agency, through its wholly-owned subsidiary Firstsource Solutions UK Ltd (FSL UK).

The deal was finalised on December 11, 2025, after it received all necessary regulatory clearances, the company informed the stock exchanges.

The acquisition follows the share purchase agreement signed on July 18, 2025, under which Firstsource agreed to acquire 100% of PDC, which specialises in white-label,

early-arrears, and debt recovery services. The total consideration for the transaction stands at £22 million, including upfront payment and earnouts.

PDC, incorporated in 2005 and regulated by the UK’s Financial Conduct Authority (FCA), reported a turnover of £16.9 million and operating profit of £3.4 million for the period November 2023–October 2024, as per the exchange filing. Its operations are entirely based in the United Kingdom.

Firstsource said the acquisition will strengthen its presence in the UK’s debt-collection services market and broaden its offerings in the financial services segment.

With the completion of the transaction, Firstsource now holds full ownership of PDC.

Shares of Firstsource Solutions Ltd ended higher on Thursday, December 11, by ₹4.40 at ₹340.30 on the BSE.

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