olivLaw · European equity research
Amigo Holdings PLC AMGO.L
United Kingdom · London Stock Exchange · ISIN GB00BFFK8T45 · Vertical: Listed companies from United Kingdom
Amigo Holdings PLC is a UK company whose former lender serving customers with limited access to affordable credit entered an orderly wind-down from March 2023 and was placed into liquidation. It now operates only as a possible shell for a reverse takeover, so its future depends on whether such a transaction succeeds.
At the close of 05 Nov 2026, Amigo Holdings PLC (AMGO.L) stock was 0.02 GBP (−7.61% on the day), with market capitalisation 9.9 m GBP, beta 0.01, 52-week range 0.00–0.03 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 26.5
- oversold (≤ 30)
- Bollinger (20, 2)
- 0.02 – 0.03
- below the lower band · %B -0.09 · band width 24.5%
- SMA 50 / 200
- 0.03 / 0.02
- mixed trend
- MACD (12, 26, 9)
- -0.00 / -0.00
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −22.7% | +0.4% | −23.1 pp | — |
| 3 months | −11.5% | −3.3% | −8.2 pp | — |
| 6 months | −22.7% | +4.0% | −26.7 pp | — |
| Year to date | +165.6% | +8.1% | +157.5 pp | — |
| 1 year | +466.7% | +10.7% | +456.0 pp | +5.8% |
| 3 years | unavailable | +50.1% | unavailable | +23.3% |
| 5 years | −81.7% | +43.6% | −125.3 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 |
|---|---|---|
| Revenue | 19.3 m | 3.5 m |
| Revenue YoY | unavailable | −81.9% |
| Net income | -34.8 m | -14.0 m |
| Net income YoY | unavailable | unavailable |
| Diluted EPS | -7.30 | -2.70 |
| Diluted EPS YoY | unavailable | unavailable |
| net % | -180.3% | -400.0% |
| Free cash flow | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2024 · 31 Mar 2024
- Cash
- 0 GBP
- Financial debt
- unavailable GBP
- Net debt
- unavailable GBP
- Equity
- -711.0 m GBP
- Total assets
- 0 GBP
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- unavailable
- ROA
- -12.8%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (GBP)
Margins
Income statement · GBP
Balance sheet · GBP
| Line | 2023 | 2024 | Source (latest year) |
|---|---|---|---|
| Cash | 0 | 0 | esef· 17 Feb 2026verified |
| Current assets | 218.0 m | 175.5 m | esef· 10 Sept 2024verified |
| Total assets | 219.1 m | 0 | esef· 17 Feb 2026verified |
| Total liabilities | 206.5 m | 711.0 m | esef· 17 Feb 2026verified |
| Equity | -697.0 m | -711.0 m | esef· 17 Feb 2026verified |
| Shares outstanding at year end | 4.8 m | 466.7 m | esef· 17 Feb 2026derived |
Cash flow · GBP
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 0 of at least 6
- score weight coverage: 0.0% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 9.9 m GBP
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
0% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 0 of at least 6; score weight coverage: 0.0% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
AMIGO HOLDINGS PLC (AMGO.L). Latest full fiscal year: 2024; data up to 2025-09-30.
Figures computed from the financial statements: revenue 3.5 m GBP in 2024; YoY growth -81.9%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 0 of at least 6; score weight coverage: 0.0% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| BMS.LBraemar PLC | 78.3 m | 39.2 | 2.7% | 1.7% | −4.4% | +13% / −11% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
1- and 3-year price returns: for AMGO.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Amigo Holdings PLC is a UK company whose former lender serving customers with limited access to affordable credit entered an orderly wind-down from March 2023 and was placed into liquidation. It now operates only as a possible shell for a reverse takeover, so its future depends on whether such a transaction succeeds.
SWOT
Strengths
- The company has new funds secured in November 2025, subject to shareholder approval, giving it a financial base to explore an RTO transaction 1.
- The wind-down process was carried out in an orderly way, with obligations to Scheme creditors met, which reduces the risk of major legal disputes 1.
- The board has experience in financial services and corporate transactions, which could help evaluate any RTO offer 1.
Weaknesses
- The company no longer has lending operations and current revenue is effectively nil 1.
- The main trading subsidiary has entered liquidation, meaning cash-generating assets have been exhausted or transferred 1.
- The governance structure is reduced and several requirements of the UK Corporate Governance Code are not met, as the annual report acknowledges 1.
Opportunities
- A successful RTO transaction could give the company a new business and a route to recovery for shareholders 1.
- The funds obtained could support identifying mining-sector projects if shareholders approve the plan 1.
- If a transaction completes, the company could take on a new structure better suited to a different kind of business.
Threats
- There is no certainty that the funds will be used successfully or that an RTO transaction will be completed 1.
- If no suitable transaction emerges, the company could enter voluntary liquidation and shareholders could be left with no residual value 1.
- Compliance and legal risks from the former lending business could persist even after liquidation 1.
Risks
- Uncertainty over the RTO transactionhigh
If the transaction does not materialise, the company could be delisted and liquidated with no value left for shareholders 1.
- Funds conditional on shareholder approvalhigh
The funds obtained depend on a shareholder vote, and a failed vote could block the exploration plan 1.
- Long-term viabilityhigh
The annual report states that longer-term viability remains uncertain, as there is no certainty about raising the new funds or securing an RTO 1.
- Departures from governance codemedium
The company acknowledged several departures from the UK Corporate Governance Code, including the absence of a senior independent director and an internal audit function 1.
- Operational risks during wind-downlow
Staff reductions and the move to remote working could affect internal control and the management of remaining activities 1.
Investment thesis
What would need to be true (bull case)
- If the RTO transaction completes successfully, the company could give shareholders a partial route to recovering value 1.
- The funds secured in November 2025 provide a base for exploring new opportunities, subject to shareholder approval 1.
- The wind-down was completed in an orderly way, which could reduce remaining legal uncertainty from past activity 1.
What would break the thesis
- The company no longer generates lending income, and remaining assets could prove insufficient to support a recovery 1.
- The annual report warns that remaining value depends on a transaction that is not certain, which could lead to liquidation with nothing left for shareholders 1.
- The reduced board and departures from governance requirements could complicate oversight of any new strategy 1.
What to watch
- Shareholder vote on approving the £1.5 million and the RTO exploration plan2026
- Identification and announcement of any RTO transaction in the mining sector2026
- Board decision on delisting and voluntary liquidation if no transaction emergesnext 10-K
- Any distributions to shareholders or Scheme creditors from remaining assetsnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Amigo was set up to provide affordable loans to people who could not easily obtain credit from mainstream lenders. From 23 March 2023, under the Fallback Solution of the Scheme of Arrangement, its trading subsidiary ALL stopped lending and began an orderly wind-down, transferring surplus cash to Scheme creditors. According to the annual report for the year ended 30 September 2025, the loan book was run off, sold or written off, and ALL entered liquidation on 29 September 2025 1.
The board's priorities have shifted from lending to completing the subsidiary wind-down, realising assets to optimise returns for Scheme creditors, and preparing Amigo to operate as a shell for a potential RTO 1. In November 2025 the company announced that, subject to shareholder approval, it had secured £1.5 million of new funds to explore RTO opportunities in the mining sector 1.
The annual report states that if no suitable transaction occurs, Amigo may seek shareholder approval to delist and enter voluntary liquidation, leaving shareholders with no residual value 1.
Segments
Lending to customers with limited credit access
The historic segment, run through subsidiary ALL, stopped lending on 23 March 2023. The remaining loans were repaid, sold or written off, and payments to Scheme creditors were made in full, according to the annual report 1.
Shell for a reverse takeover
The only active strategic direction is using the company as a vehicle for a reverse takeover focused on the mining sector, financed by the £1.5 million secured in November 2025, subject to shareholder approval 1.
Market context
The market Amigo served was lending to people with limited access to mainstream credit. The annual report does not describe an active market for the company itself, since lending has stopped and remaining value depends on a strategic transaction 1.
Because the company no longer has operating business, market interest could depend on the decision on a RTO transaction, the outcome of the shareholder vote and the progress of mining-sector plans 1.
Trends
- End of the lending cycleheadwind
Exiting lending removed the company's main source of income, which reduces the operating base for any business recovery.
- Interest in reverse takeoversmixed
The board has said it is exploring RTO as a way to reduce investor losses, which offers a possible route to recovery if a suitable offer emerges 1.
- New funds with conditionsmixed
The funds secured in November 2025 are conditional on shareholder approval, and using them to explore RTO does not guarantee a transaction will be completed 1.
- Liquidation and distribution processesheadwind
Scheme creditor payments and the liquidation of subsidiaries steadily reduce available assets, so the value left for shareholders depends on what remains after these steps 1.
Competitive position
The annual report does not name direct competitors for the company's current activity. Since it no longer lends, the relevant competition could be with other companies seeking RTO or similar transactions 1.
For a shell without operating business, competitive position depends more on capital structure and the ability to attract a suitable partner than on products or customer networks 1.
- Other shell companies seeking RTO
Other companies looking for reverse takeover transactions may compete for the same opportunities, although the annual report does not identify them.
- Investors in the mining sector
Investors funding mining projects could become partners or competitors for a transaction, depending on the structure of the offer.
- Other lenders serving customers with limited credit access
These lenders represent the market Amigo served before its wind-down but no longer compete directly with the company.
- Restructuring advisory firms
Advisers guiding wind-down or strategic transactions can influence the company's direction, though they are not direct competitors.
News & filings
In the press
- Amigo & Intercost a preluat lanțul de magazine Merkur din Ținutul Secuiesc / „Viziunea noastră este să construim cel mai puternic lanț regional de retail din Ținutul Secuiesc”Economedia · 19 Jun 2026 · RO
- Ce soluţii au găsit retailerii locali pentru a se lupta cu marile lanţuri: distribuţie sau producţie proprii, care să susţină operaţiunile comerciale. Grupuri precum Safeway şi Amigo au început cu distribuţia şi apoi au mers către retail. Unicarm şi Annabella au optat pentru producţieZiarul Financiar · 01 Jun 2026 · RO
Annual reports (ESEF)
- Annual report 202517 Feb 2026
- Annual report 202410 Sept 2024
Sources
- [1] Annual report, fiscal year ended 2025-09-30 (ESEF) · SEC / Amigo Holdings PLC · 30 Sept 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.