Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 95.8/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 16 | 100% | 0% | 0% | 19% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 17 | 97% | 2% | 1% | 21% |
| 01 Oct 2021 - 31 Mar 2022 | 16 May 2022 | 22 | 89% | 6% | 5% | 23% |
| 01 Apr 2021 - 30 Sept 2021 | 22 Oct 2021 | 27 | 84% | 7% | 9% | 22% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 20 | 88% | 10% | 2% | 38% |
| 01 Apr 2020 - 30 Sept 2020 | 20 Oct 2020 | 17 | 95% | 4% | 0% | 33% |
| 01 Oct 2019 - 31 Mar 2020 | 21 Apr 2020 | 9 | 98% | 2% | 0% | 15% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 7 | 99% | 1% | 0% | 6% |
| 01 Sept 2018 - 31 Mar 2019 | 01 May 2019 | 9 | 100% | 0% | 0% | 9% |
| 01 Apr 2018 - 31 Aug 2018 | 22 Oct 2018 | 7 | 100% | 0% | 0% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Amigo's policy is to pay suppliers within the agreed terms. Minor payment delays may occur if the invoice is received after the payment run. Disputed amounts may also result in processing delays.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Any payment disputes are considered by the relevant department Head. Disputes aim to be resolved as soon as possible and are usually resolved or escalated within 7 days.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Amigo Loans Ltd was a UK consumer credit lender registered as a non-deposit taking finance house, specialising in guarantor loans. According to its own website, the company has ceased trading and gone into liquidation. It operated a Scheme of Arrangement to compensate customers for unaffordable lending and other claims, with remaining owed funds paid into court accounts managed via the Court Funds Office. The site now serves only to direct former customers to claim outstanding balances through court processes rather than to offer any ongoing lending service. No current products or services are provided.
Generated from the company's website and Companies House records. Sources: amigoloans.co.uk · amigoloans.co.uk