Amigo Holdings

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Amigo Holdings
Public
Traded asLSEAMGO
IndustryFinance
Founded2005
HeadquartersBournemouth
Key people
Stephan Wilcke, Chairman
Glen Crawford, CEO
ServicesHigh interest loans
Revenue£210.8 million (2018)[1]
£66.1 million (2018)[1]
£50.6 million (2018)[1]
Websitewww.amigoloans.co.uk

Amigo Holdings is a high-interest lender. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

Amigo Holdings' offices in Bournemouth

The company was established as a high-interest lender by James Benamor in 2005.[2] Benamor stood down as CEO, handing over the role to Glen Crawford, in 2015.[2] In June 2018 the company was the subject of an initial public offering on the London Stock Exchange which valued the company at £1.3 billion.[2]

Operations[edit]

The company is a business which issues high-interest loans that are usually guaranteed by a borrower's family or friends.[3] The amount lent is up to £10,000 and the interest rate is typically just under 50% per annum.[4] The company has secured around 90% of the guarantor loan market.[4]

Ownership[edit]

Approximately 63.5% of the company is owned by Richmond Group, a business controlled by the James Benamor, the founder.[5]

References[edit]

  1. ^ a b c "Annual Report for year ended 31 March 2018" (PDF). Amigo Holdings. Retrieved 7 September 2018.
  2. ^ a b c "Sub-prime lender Amigo valued at 1.3 billion pounds in London IPO". Reuters. 29 June 2018. Retrieved 7 September 2018.
  3. ^ "Guarantor loans provider Amigo set for London IPO". FT. 7 June 2018. Retrieved 7 September 2018.
  4. ^ a b "Controversial tycoon to pocket £350m from float of 'loan shark' outfit with 50% interest rates". This is money. 7 June 2018. Retrieved 7 September 2018.
  5. ^ "Prospectus". Amigo Holdings. p. 5. Retrieved 7 September 2018.

External links[edit]