Firstsource Solutions acquires UK debt collections firm Pastdue Credit Solutions

Firstsource Solutions, through its wholly-owned subsidiary Firstsource Solutions UK, has completed the acquisition of a 100% stake in Pastdue Credit Solutions (PDC) on December 11, 2025. PDC, an FCA-registered UK-based collections agency founded in 2005, specializes in white-label, early arrears, and debt collection and recovery services. All necessary regulatory approvals, including from the FCA and under the National Securities and Investment Act 2021, have been secured.

The aggregate consideration for the acquisition was £22 million, encompassing both upfront payment and earnouts. This strategic move aims to expand Firstsource's footprint in the UK debt collection services market.

Pastdue Credit Solutions reported a turnover of £16.9 million with an operating profit of £3.4 million for November 2023 to October 2024. Prior periods showed turnovers of £12.0 million (November 2022 – October 2023) and £12.4 million (November 2021 – October 2022).