Amigo Holdings

Amigo Holdings
Public
Traded as LSE: AMGO
Industry Finance
Founded 2005
Headquarters Bournemouth
Key people
 Stephan Wilcke, Chairman
Glen Crawford, CEO
Services High interest loans
Revenue £210.8 million (2018)[1]
£66.1 million (2018)[1]
£50.6 million (2018)[1]
Website www.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

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

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

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

References

  1. 1 2 3 "Annual Report for year ended 31 March 2018" (PDF). Amigo Holdings. Retrieved 7 September 2018.
  2. 1 2 3 "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. 1 2 "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.
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