LOAN company Amigo is bringing back the chief executive who left barely a year ago.

In the latest episode in the subprime lender’s boardroom drama, Amigo announced the return of Glen Crawford, who stood down in April 2019 in order to undergo medical treatment.

Roger Lovering, acting chairman of Amigo, said: “I am delighted that Glen has decided to re-join the company. He is a natural choice and brings experience and leadership to the company at this challenging time.”

Amigo boss Glen Crawford steps down due to 'health concerns'

Mr Crawford will replace Hamish Paton, who is due to step down by the end of this month.

Amigo’s founder, the billionaire James Benamor, sold his investment vehicle’s 61 per cent stake in the company last month after failing to get two of his own nominees onto the company’s board.

He had accused the management of presiding over a “dumpster fire”.

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Amigo Loans' would-be buyer has pulled out – and it faces a £35m backlog of complaints

The company has been under pressure from regulators and has set aside at least £35million to deal with a backlog of 9,000 complaints. The deadline for dealing with the complaints was recently moved from June to the end of October.

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Mr Crawford originally became chief executive of Amigo from February 2016 and of Amigo Loans ltd and Amigo Management Ltd in October 2015.

He led the company through its full authorisation from the Financial Conduct Authority and its stock market launch in July 2018. He presided over its first full year of results as a public company.

He said: “I am pleased to have this opportunity to step back into the driving seat at Amigo with the support of the board.

“I remain confident that with Amigo’s excellent team pulling together, we can successfully navigate through the challenges facing the business and get back to focussing on meeting the day to day needs of our present and future customers, who are otherwise excluded from obtaining credit.”