Amigo Holdings PLC (LSE:AMGO) has reported the completion of its 18-month financial period ended September 2025, during which the company implemented a court-approved Scheme of Arrangement that resulted in the orderly wind-down of its lending activities and the liquidation of its operating subsidiaries.
With its legacy business now closed, Amigo is repositioning itself as a cash shell and is actively pursuing a reverse takeover, with a particular focus on opportunities in the mining sector. To support this transition, the company has appointed Craig Ransley as a Board Consultant and has raised £1.5 million in risk capital to fund due diligence and corporate costs.
All subsidiaries are currently in solvent liquidation, and the group is operating with limited cash resources. As a result, management has prioritised strict cost control while assessing potential transactions that could deliver a new operating platform.
Despite these strategic steps, Amigo’s financial profile remains under pressure following falling revenues and substantial losses. Weak valuation metrics and negative technical signals continue to weigh on sentiment, highlighting the challenges facing the company as it seeks to secure a viable new direction.
More about Amigo Holdings PLC
Amigo Holdings PLC is a public limited company incorporated in England and Wales. Previously focused on consumer lending, the group has exited its core operations following a court-approved Scheme of Arrangement and is now seeking to re-enter the market through a reverse takeover, with an emphasis on the mining sector.
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