Helping Amigo Loans Survive
Lansons for Amigo Loans
Category
+ Crisis Management
+ Financial Services
+ United Kingdom (large budget)
Situation
Amigo Loans appointed Lansons in July 2021 when it seemed certain the company would not survive. It had many enemies and no friends. After listing on the London Stock Exchange in 2018 valued at £1.3billion, Amigo had lost 98% of its value. It was no longer allowed to lend to new customers and reckless lending to some of the poorest in society meant it owed so much in compensation claims that it was technically bankrupt. Amigo could only survive...