Firstsource Signs Deal to Acquire UK-Based Pastdue Credit Solutions

Firstsource Solutions Ltd, a part of the RP-Sanjiv Goenka Group, has signed an agreement to acquire Pastdue Credit Solutions, a UK-based debt collection firm. The acquisition is subject to regulatory approval from the Financial Conduct Authority (FCA). No financial details of the transaction have been disclosed.

Pastdue Credit Solutions operates in the UK and provides first- and 3rd-party debt collection services. Its client base includes banks, telecom companies, utility providers, and public sector organisations. The company is headquartered in the United Kingdom.

Timing and Market Context

The deal comes at a time when the UK’s collections industry is undergoing significant changes. Rising consumer debt, growing reliance on private agencies for public sector recoveries, and an estimated market opportunity of over £1.9 billion are shaping the industry landscape.

As per the news reports, Firstsource stated that the acquisition is aligned with its strategy to build a sector-focused collections business in the UK. The aim is to expand its presence in utilities, telecom, and public sector services through local delivery and industry-specific expertise.

Digital Integration and Operations

While details about the operational roadmap have not been shared, Firstsource indicated plans to integrate digital-first and AI-driven capabilities. The intention is to combine these tools with Pastdue’s local expertise to strengthen service delivery in the UK market.

As per news reports, Sanjiv Goenka, Chairman of RPSG Group and Firstsource, stated, "Pastdue Credit Solutions' deep expertise in first- and third-party collections, particularly across utilities, financial services, and the public sector, strengthens our capabilities in a space that is both critical and growing".

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Firstsource Solutions Share Price Performance 

As of 11:08 AM on July 21, 2025, Firstsource Solutions share price was trading at ₹353.10, a 0.01% decrease, and has declined 2.43% over the past 6 months and up 44.25% over the past year.

Conclusion

Firstsource’s planned acquisition of Pastdue Credit Solutions shows a step towards growing its UK footprint in debt recovery services. The transaction is pending approval from the UK’s financial regulator, with further updates expected after the clearance process.

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