1st Credit
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1st Credit - overview
Established
2001
Location
-, Surrey, UK
Primary Industry
Financial Services
About
1st Credit is a UK-based credit management company specializing in debt collection and receivables management, providing solutions that enhance cash flow and mitigate credit risk for clients across diverse sectors. Founded in 2001, 1st Credit specializes in credit management services. In November 2016, the company was acquired by Intrum Justitia for GBP 130 million. Its headquarters is located in Surrey, UK.
The founder's history is not publicly detailed, and there are no known subsidiaries or parent companies. 1st Credit offers comprehensive credit management services, focusing on debt collection, credit risk assessment, and receivables management. Their services are designed to assist both businesses and consumers in managing debts and improving cash flow, catering to a wide range of clients from small businesses to large enterprises across sectors like retail and telecommunications. In 2022, 1st Credit reported a revenue of GBP 53,190,251.
20 and an EBITDA of GBP 1,218,314. 50, deriving income primarily from fees associated with its credit management services. Following its acquisition, 1st Credit aims to leverage Intrum Justitia's resources for future growth. The company plans to enhance its service offerings and expand into new markets, though specific markets or timelines have not been disclosed.
Recent funding from the GBP 130 million acquisition will likely support these initiatives.
Primary Industry
Financial Services
Sub Industries
Credit Collections & Services
Website
www.1stcreditltd.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
1st Credit - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | 1st Credit | - | ||||||||
| Secondary Buyout | Completed | 1st Credit | - | ||||||||
| Recapitalisation | Completed | 1st Credit | - | ||||||||
| Growth | Completed | 1st Credit | - |
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