Firstsource Solutions Completes GBP 22M Acquisition of PDC

Firstsource Solutions Ltd has announced the completion of its acquisition of Pastdue Credit Solutions Limited (PDC) through its wholly owned subsidiary, Firstsource Solutions UK Limited. The acquisition was finalized on December 11, 2025, following the receipt of all necessary regulatory approvals. This transaction was initially disclosed in a letter dated July 18, 2025, when the Share Purchase Agreement was signed to acquire a 100% stake in PDC, a UK-based collections agency.

The acquisition was executed for an aggregate consideration of GBP 22 million. This amount includes both an upfront payment and earnouts. The transaction was completed as a cash consideration, with Firstsource Solutions Ltd securing full ownership of PDC. The acquisition does not fall under related party transactions, and no promoter or promoter group of Firstsource Solutions Ltd has any interest in PDC.

PDC is engaged in the business of providing white-label, early arrears, and debt collections and recovery services. The company is registered with the Financial Conduct Authority (FCA) in the UK. PDC has been operational since its incorporation on July 21, 2005. Over the past three years, PDC reported a turnover of GBP 16.9 million for the period from November 2023 to October 2024, GBP 12 million from November 2022 to October 2023, and GBP 12.4 million from November 2021 to October 2022.

The acquisition is part of Firstsource Solutions Ltd’s strategy to expand its footprint in the UK debt collection services market. The company aims to leverage PDC’s expertise in debt collections to enhance its service offerings in this sector. All necessary regulatory approvals for the acquisition were obtained, including those under the National Securities and Investment Act 2021 and from the Financial Conduct Authority.

The acquisition was completed on December 11, 2025, marking the culmination of the transaction process that began with the signing of the Share Purchase Agreement on July 18, 2025. Firstsource Solutions UK Limited, as the acquiring entity, now holds 100% ownership of PDC, thereby integrating PDC’s operations into its existing business framework.

Firstsource Solutions Ltd is a global provider of business process management services. The company focuses on delivering innovative solutions across various sectors, including healthcare, telecommunications, and financial services. Firstsource aims to enhance operational efficiencies and customer experiences through strategic acquisitions and service expansions.