AMIGO LOANS LTD
Company Information
- Company Number
- 04841153
- Registered Address
- Unit 11a, The Avenue Centre, Bournemouth, England, BH2 5RP
- Status
- Active
- Employee Count
- 0
- Turnover
- £19,200,000
- EBITDA
- -£32,200,000
Additional Details
- Website
- https://amigoloans.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 22 July 2003
- Nature of Business
- 64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
- Industries
- Financial Services
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 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 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 7 | 99% | 1% | 0% | 6% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Dispute Resolution Process
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.
Other Payment Information
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
AMIGO LOANS LTD is a UK-based financial company that provides guarantor loans to individuals who have been rejected by traditional lenders. The company was founded in 2005 and is headquartered in Bournemouth, with a registered office address at Nova Building, 118-128 Commercial Road, Bournemouth, BH2 5LT.
The company's main activity is providing guarantor loans, where a friend or family member acts as a guarantor for the borrower, providing additional security for the loan. This allows individuals with poor credit history or no credit history to access loans at competitive rates.
AMIGO LOANS LTD is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include using 100% renewable electricity, reducing paper usage by implementing digital processes, and promoting recycling among employees.
The company also offers a range of products and services to help customers manage their finances responsibly. This includes online budgeting tools, financial education resources, and flexible repayment options.
The key people at AMIGO LOANS LTD include Glen Crawford, CEO; Kelly Davies, CFO; and Hamish Paton, Chief Risk Officer. The company has a dedicated customer service team that can be contacted through various channels, including phone, email, and social media.
AMIGO LOANS LTD has a user-friendly website, www.amigoloans.co.uk, where customers can learn more about their products and services, apply for a loan, and manage their account. The website also includes a blog with financial tips and advice.
In summary, AMIGO LOANS LTD is a responsible financial company that provides a valuable service to individuals who have been rejected by traditional lenders. They are committed to sustainability and offer a range of products and services to help customers manage their finances. With a dedicated team and user-friendly website, the company strives to provide a positive borrowing experience for its customers.
