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Evening Standard
Evening Standard
Business
Simon Hunt

Amigo Loans to be liquidated after failing to raise enough funds

Amigo Amigo Loans

Amigo Loans is set to be liquidated after the lender was unable to raise enough capital to continue trading.

The firm said it would stop lending with immediate effect before being placed into an orderly wind-down, with surplus assets being transferred to the creditors of its compensation scheme, in a move that is set to lead to over 250 job losses.

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