How much does Pastdue Credit Solutions Limited make?

Pastdue Credit Solutions Limited reported revenue of £16.9m and £2.7m profit in the year to 31 Oct 2024, according to its accounts filed at Companies House.

How many employees does Pastdue Credit Solutions Limited have?

Pastdue Credit Solutions Limited reported an average of 322 employees in the year to 31 Oct 2024.

Is Pastdue Credit Solutions Limited profitable?

Yes — Pastdue Credit Solutions Limited reported a profit of £2.7m in the year to 31 Oct 2024.

Company No. SC287794 · Incorporated 21 Jul 2005

Pastdue Credit Solutions Limited

Registered name: PASTDUE CREDIT SOLUTIONS LIMITED

Part of Firstsource Solutions UK Limited group

Pastdue Credit Solutions Limited made £16.9m revenue and £2.7m profit in the year to 31 Oct 2024.

Pastdue Credit Solutions Limited’s revenue grew 41% to £16.9m in the year to 31 Oct 2024, with £2.7m profit and 322 employees. The company is classified under “business and domestic software development” and is based in Clydebank; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development SIC 62090Other information technology service activities SIC 82200Activities of call centres SIC 82911Activities of collection agencies

Status: Active
Location: Clydebank, Scotland
Age: 21 yrs · since 2005
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Oct 2024

Key figures

Capital-lightOperating leverageCash flow filed

Revenue

£16.9m

Growth ▲41.3%

Profit

£2.7m

Growth ▲191.3%

Profit margin

15.8%

Gross 42%

Employees

322

Change ▲20.6%

Profit / employee

£8.3k

Revenue/employee £52.5k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Oct 2023	31 Oct 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12.4m	£12m	£16.9m
Cost of sales	£7.3m	£7.6m	£9.8m
Gross profit	£5.1m	£4.4m	£7.1m
Operating profit	£1.9m	£937k	£3.4m
Profit before tax	£1.9m	£972k	£3.5m
Profit after tax	£1.7m	£914k	£2.7m
Profit (best available)	£1.7m	£914k	£2.7m
Staff costs	£6.7m	£6.9m	£8.7m
Employees (average)	291	267	322
Ratios
Profit margin	13.9%	7.6%	15.8%
Gross margin	41%	36.9%	42%
Revenue per employee	£42.6k	£44.8k	£52.5k
Profit per employee	£5.9k	£3.4k	£8.3k
Cash conversion	−129.3%	−262.1%	−86.9%
Growth (year on year)
Revenue growth	—	▼3.6%	▲41.3%
Profit growth	—	▼47.1%	▲191.3%
Headcount growth	—	▼8.3%	▲20.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.4m	£6.5m	£6.5m
Net assets	£4.9m	£5m	£4.6m
Fixed assets	£388k	£316k	£363k
Current assets	£7.6m	£8.9m	£10.1m
Debtors	£2.1m	£1.8m	£3.3m
Cash from operations	−£2.5m	−£2.5m	−£3m
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2025

Derived from the latest filing

How the business works

Profit margin: 15.8%; Profit ÷ revenue.
Gross margin: 42%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £52.5k; Revenue ÷ average employees.
Profit per employee: £8.3k; Profit ÷ average employees.
Cash conversion: −86.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.3%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼9%; Now £4.6m
Cash at bank: ▲1%; Now £6.5m
Headcount: ▲21%; Now 322
Deferred income: —; Now —
Fixed assets: ▲15%; Now £363k

Corporate ownership

Group structure

Ownership chain

Firstsource Solutions UK Limitedultimate parent75–100%
Pastdue Credit Solutions Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Ascensos LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2024 (profit £2.7m), from the Companies House accounts bulk data published May 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.