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On 30 September 2025, Amigo Holdings PLC's subsidiaries appointed Chris Laverty and Sean Croston of Grant Thornton UK Advisory & Tax LLP as joint liquidators for solvent members' voluntary liquidations. Before this, the subsidiaries transferred approximately £740,000 cash to Amigo, which agreed to indemnify against winding-up costs expected around £290,000, leaving Amigo with approximately £450,000. These funds originated because the costs of administering a further Scheme Payment to approximately 135,000 Scheme Creditors exceeded the funds available for distribution, as referenced in a 29 August 2025 report.
| Date | 30 Sept 2025 |
| Time | 07:00:12 |
| Category | Corporate updates |
| ID | 2963B |
FOR IMMEDIATE RELEASE
30 September 2025
Amigo Holdings PLC
("Amigo" "PLC" or the "Company")
Update
As previously announced on 17 September 2025, all of Amigo's subsidiaries have today appointed Chris Laverty and Sean Croston of Grant Thornton UK Advisory & Tax LLP (the "Liquidators") as joint liquidators to carry out (solvent) members' voluntary liquidations of the Company's subsidiaries ("Subsidiaries").
Before this process began, the Subsidiaries transferred all available cash amounting to approximately £740,000 ("Surplus"), to Amigo. In return, Amigo has agreed to indemnify the Liquidators and the Subsidiaries against all costs and expenses associated with winding up the affairs of the Subsidiaries and dissolving these entities by way of solvent liquidations. These costs and expenses are expected to total around £290,000, leaving Amigo with approximately £450,000 ("Funds").
The Funds will be used to cover Amigo's minimal ongoing operating expenses and support its continued efforts to identify a suitable reverse takeover target. Importantly, the Funds arose as the costs of making and administering a further Scheme Payment (to the approximately 135,000 Scheme Creditors under the redress Scheme) was more than the funds available for distribution, as referenced in the Scheme Supervisors' final progress report which was posted on 29 August 2025.
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Amigo Holdings PLC |
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Nick Beal |
Chief Executive |
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Sponsor |
Beaumont Cornish 0207 628 3396 |
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This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). The person responsible for this announcement is Nicholas Beal, Company Secretary.
About Amigo Holdings PLC
Amigo is a public limited company registered in England and Wales with registered number 10024479. The Amigo Shares are listed on the Official List of the London Stock Exchange.
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