Amigo Holdings PLC Reports Wind Down and Financial Results

Amigo Holdings PLC (GB:AMGO) has released an update.

Amigo Holdings PLC, a mid-cost credit provider in the UK, has reported its financial results for the year ended 31 March 2024, amidst an ongoing orderly wind down of the business. The company is processing initial Scheme payments and nearing the sale completion of its loan books, while actively seeking a reverse takeover partner to potentially offer value to shareholders. Financially, Amigo PLC has seen a significant decrease in revenue and customer numbers, as well as a reduction in net assets to £0.0m, pledging all remaining assets to Scheme creditors.

For further insights into GB:AMGO stock, check out TipRanks’ Stock Analysis page.