Firstsource Solutions Limited has informed the Exchange regarding a press release dated July 18, 2025, titled "Firstsource to acquire Pastdue Credit Solutions, strengthening offerings inutilities, telco and public sector across the UK".
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Firstsource Solutions, an RP-Sanjiv Goenka Group company, has signed an agreement to acquire Pastdue Credit Solutions, a UK-based debt-collection agency. Pastdue serves major banks, utility firms, telecom companies, and government bodies in the UK, and has expertise in first- and third-party collections. The acquisition strengthens Firstsource's offerings in utilities, telco, and the public sector across the UK, tapping into a collections market estimated at over £1.9 billion. The deal is subject to approval from the UK's Financial Conduct Authority (FCA). Firstsource highlighted its AI-driven, digital-first capabilities as a complement to Pastdue's local expertise and platform.
This is a strategic, capability-building acquisition that expands Firstsource's UK footprint in a growing debt-collection market. Shareholders should view it positively for long-term growth, though the deal remains pending FCA approval and no financial terms were disclosed.