MHA MacIntyre Hudson appointed new auditor of Amigo

Amigo Holding has announced that MHA MacIntyre Hudson has been appointed as the company’s new auditor, following the guarantor loans and subprime lender’s decision to cut ties with KPMG. 

The appointment of MacIntyre Hudson came out of a formal competitive tender process which was overseen by Amigo’s audit committee. 

It is reported that the firm will take up the role with immediate effect for the financial year ending 31 March 2023. 

In July, Amigo had launched two new loan products to restart lending after the Financial Conduct Authority (FCA) stopped blocking the company’s plans. 

In a statement on ceasing to hold office as auditors, KPMG said: “The reason connected with our ceasing to hold office is the holding of a competitive tender for the audit, in which we decided not to participate, given the recent changes to the size and nature of the group’s business, since the original tender and appointment.”