Firstsource Solutions to acquire UK-based Pastdue Credit Solutions
Published on 18/07/2025 06:26 PM
Firstsource Solutions to acquire UK-based Pastdue Credit SolutionsThe acquisition is subject to regulatory approval from the Financial Conduct Authority (FCA). Shares of Firstsource Solutions Ltd ended at ₹353.60, down by ₹2.80, or 0.79%, on the BSE.By Jomy Jos Pullokaran July 18, 2025, 6:26:38 PM IST (Published)2 Min ReadRP-Sanjiv Goenka Group company, Firstsource Solutions Limited, on Friday (July 18) said it has entered into an agreement to acquire Pastdue Credit Solutions, a UK-headquartered debt collection firm, in a move aimed at expanding its footprint in the utilities, telecom, and public sector segments across the UK.
The acquisition is subject to regulatory approval from the Financial Conduct Authority (FCA).
Dr Sanjiv Goenka, Chairman of RPSG Group and Firstsource, said, “We are excited by the opportunity this acquisition could bring. 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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The acquisition comes at a pivotal time for the UK collections market. With rising consumer debt, a growing role for private agencies in public sector collections, and over £1.9 billion in market opportunity, the demand for responsible, tech-enabled solutions has never been greater.
Phil Grant, Chairman of Pastdue Credit Solutions, said, “We are proud to be joining the Firstsource family. This partnership has the potential to enable a new and exciting chapter for our people, our valued clients, and our future.
With Firstsource’s global reach, deep domain expertise, and strong culture of innovation, coupled with its long-established credentials in debt collection, this move will pave the way for us to scale our impact, strengthen our services, broaden our offering and unlock new opportunities together."
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Shares of Firstsource Solutions Ltd ended at ₹353.60, down by ₹2.80, or 0.79%, on the BSE.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsFirstsource Solutionsshare market today