Scheme Progress Update – March 2025

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We have been made aware of potential fraudulent messages being received relating to the Scheme of Arrangement. If you have any doubts over messages you have received from Amigo please contact us directly before following any links.

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Thank you to everyone who has shared their bank account details with us. The deadline for paying the Initial Scheme Payment has passed. If you have not provided bank details, you can still do so in order to receive the Second Scheme Payment. If your bank details have changed since you received your Initial Scheme Payment, please update them in the portal to ensure your Second Scheme Payment is paid to your new details.

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We expect to start the Second Scheme Payments by the end of March 2025 and will post further updates here when they are available.

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Scheme Payments

On 29th May 2024, the Scheme Supervisors declared an Initial Scheme Payment of 12.5 pence per £. You can find the Scheme Supervisors’ Notice here.

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We expect to shortly start to make an Additional Scheme Payment by the end of March 2025. This website will be updated to notify claimants of when payments will begin to be issued. We are unable to confirm this date in advance of this announcement.

⠀ We remain confident, at this stage, that Total Scheme Payments for eligible Scheme Creditors will not be less than 17 pence for each pound due.

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Initial Scheme Payments have been paid at 12.5 pence for each pound due. We are not expecting the Second Scheme Payment to be less than 4.5 pence for each pound due.

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- As an example, if your Total Cash Claim Value was quoted as £1000, you could still receive a Second Scheme Payment of £45.

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Payment Details

Payments will be made to the bank account registered in the Scheme Portal.

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We can only pay into UK bank accounts that accept third party payments and do not require an additional roll or reference number. Please note that some accounts, such as some savings accounts, will not accept payments from third parties and we will be unable to complete your payment. If you are unsure, please contact your bank or building society for confirmation.

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You must provide the name of the account holder, account number and sort code through the portal, or your Claims Management Company, for us to be able to complete your payment.

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If you are experiencing difficulty logging into the Scheme Portal, and we hold the correct mobile number for you, then you may need to close your internet browser and clear your cache. If you have tried this and you’re still experiencing difficulties, then please contact our Scheme Support Team. You can find how best to reach us on our ‘contact us’ page.

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If you have raised your claim through a Claims Management Company you may wish to contact them to ensure the appropriate payment details are recorded in the Scheme Portal.

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If you have changed your bank account since your Initial Scheme Payment, remember to update your details in the Scheme Portal to avoid any delay in receiving any additional payments.

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Additional Information

It should be noted that:⠀

• - Our agents will be unable to provide a payment date in advance of payments being made;
• - Your Scheme Outcome will confirm eligibility to receive different types of payment;
• - Eligible Claimants will receive an email from Amigo when payments are released;
• - It should be noted that any interest earned pending payment forms part of the monies available to claimants;
• - Further details regarding this can be found in our Frequently Asked Questions here.

We will provide additional updates and information in due course.