FIRSTSOURCE SOLUTIONS UK LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-06 (in 1mo)
Last made up 2025-05-23
Watchouts
None on the register
Cash
£2M
-17.4% vs 2024
Net assets
£47M
-3% vs 2024
Employees
3,456
-23.2% vs 2024
Profit before tax
-£2M
-123.3% vs 2024
Name history
Renamed 3 times since incorporation
- FIRSTSOURCE SOLUTIONS UK LIMITED 2006-11-28 → present
- ICICI ONESOURCE LTD 2002-08-12 → 2006-11-28
- CUSTOMERASSET LIMITED 2001-04-10 → 2002-08-12
- CUSTOMERASSET.COM LIMITED 2000-05-23 → 2001-04-10
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £198,275,985 | £194,057,776 | |
| Operating profit | £10,507,381 | £1,799,420 | |
| Profit before tax | £7,577,365 | -£1,761,795 | |
| Net profit | £5,737,623 | -£1,869,967 | |
| Cash | £2,503,254 | £2,067,262 | |
| Total assets less current liabilities | £47,995,027 | £49,714,847 | |
| Net assets | £47,995,027 | £46,564,847 | |
| Equity | £47,995,027 | £46,564,847 | |
| Average employees | 4,502 | 3,456 | |
| Wages | £101,943,367 | £87,185,965 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 5.3% | 0.9% | |
| Net margin | 2.9% | -1.0% | |
| Return on capital employed | 21.9% | 3.6% | |
| Gearing (liabilities / total assets) | 55.7% | 69.7% | |
| Current ratio | 0.60x | 0.69x | |
| Interest cover | 4.10x | 0.54x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KNAV Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate”
Group structure
- FIRSTSOURCE SOLUTIONS UK LIMITED · parent
- Firstsource Solutions SA 99.98%
- Firstsource BPO Ireland Limited 100%
- Firstsource BPO South Africa (Pty) Limited 100%
- Ascensos Limited 100%
Significant events
- “On 18 July 2025, the Company signed an agreement to acquire 100% stake in Pastdue Credit Solutions Limited (PDC"), engaged in providing white-label, early arrears, and debt collections & recovery services. The transaction was completed on 11 December 2025 upon receipt of all regulatory approvals.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GEOGHEGAN, Anita Marie | Director | 2025-12-12 | Mar 1970 | British |
| IDNANI, Ritesh Mohan | Director | 2023-09-01 | Nov 1972 | American |
| MALHOTRA, Rajiv Kumar Naranjandass | Director | 2022-05-03 | Apr 1981 | British |
| PAREKH, Utsav | Director | 2023-04-06 | Aug 1956 | Indian |
| PRENTICE, Alison Maureen | Director | 2025-12-12 | Dec 1980 | British |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BREWER, Suzanne | Nominee Secretary | 2000-05-23 | 2000-05-23 |
| ROME, Robert Simon | Secretary | 2011-01-07 | 2019-06-17 |
| DELUXE COMPANY MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2000-05-23 | 2003-02-28 |
| SLC REGISTRARS LIMITED | Corporate Secretary | 2003-02-28 | 2011-01-07 |
| AGRAWAL, Anjani Kumar | Director | 2022-05-05 | 2023-04-06 |
| BREWER, Kevin, Dr | Nominee Director | 2000-05-23 | 2000-05-23 |
| CANNING, Sean | Director | 2018-05-31 | 2020-01-04 |
| CANNING, Sean | Director | 2012-05-15 | 2013-01-30 |
| CHAUDHURI, Pratip Pramada Nath | Director | 2019-04-01 | 2019-05-06 |
| GANESH, Krishnan | Director | 2000-06-22 | 2003-10-01 |
| HOOPER, Mark Christopher | Director | 2011-09-27 | 2014-12-18 |
| JAIN, Shalabh | Director | 2016-02-02 | 2018-12-18 |
| KHANNA, Vipul | Director | 2019-08-02 | 2023-08-31 |
| MILLER SMITH, Charles | Director | 2008-03-10 | 2019-03-29 |
| MUKERJI, Ananda | Director | 2003-06-01 | 2011-03-28 |
| PARASHAR, Siddharth | Director | 2018-12-18 | 2021-11-26 |
| PONAPPA, Sanjay | Director | 2020-01-04 | 2022-05-03 |
| REGAN, Iain James | Director | 2012-05-15 | 2014-11-27 |
| ROME, Robert Simon | Director | 2013-06-27 | 2019-06-17 |
| ROW, Gangoli Ajay | Director | 2000-06-22 | 2002-02-20 |
| SALDANHA, Carlyle | Director | 2011-03-28 | 2011-09-27 |
| SNELL, Gavin John | Director | 2015-01-05 | 2016-05-04 |
| SUBRAMANIAM, Rajesh | Director | 2011-09-27 | 2019-07-31 |
| VALLANCE, Alexander Matthew | Director | 2000-05-23 | 2012-05-15 |
| VERNON STAGG, Charles Richard, Sir | Director | 2019-05-06 | 2022-05-05 |
| WILSON, Stephanie Anne | Director | 2013-10-22 | 2015-05-29 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 142 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-07 | AA | accounts | Accounts with accounts type full | |
| 2025-12-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-13 | AA | accounts | Accounts with accounts type group | |
| 2024-11-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-16 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-04 | AA | accounts | Accounts with accounts type group | |
| 2023-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-07 | AA | accounts | Accounts with accounts type group | |
| 2022-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-20 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-20 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-20 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-2.1%
£198,275,985 £194,057,776
-
Cash
-17.4%
£2,503,254 £2,067,262
-
Net assets
-3%
£47,995,027 £46,564,847
-
Employees
-23.2%
4,502 3,456
-
Operating profit
-82.9%
£10,507,381 £1,799,420
-
Profit before tax
-123.3%
£7,577,365 -£1,761,795
-
Wages
-14.5%
£101,943,367 £87,185,965
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers