Merger of UK Finance Subsidiaries
Summary by AI BETAClose X
FOR IMMEDIATE RELEASE 17 September 2026
Manx Financial Group PLC (the ‘Company’ or the ‘Group’)
Merger of UK Finance Subsidiaries
Manx Financial Group PLC (AIM: MFX), the holding company providing a diversified range of financial services to the Isle of Man and the United Kingdom, announces that its wholly owned subsidiary Manx Ventures Limited has commenced the merger of three of its UK finance subsidiaries, The Business Lending Exchange Limited, Manx Collections Limited and Blue Star Business Solutions Limited. The enlarged entity will operate under a single market facing brand, Triskel Finance.
The restructuring is expected to support earnings growth through reduced headcount, removing overhead duplication and improved revenue focus, with Triskel Finance’s profit before tax expected to increase by £1.0 million in 2028 to £1.1 million (2025: £0.1 million).
Douglas Grant, Chief Executive Officer, commented: “This project is another example of Manx Ventures improving profitability as well as creating embedded future value for the Group and its shareholders”.
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014, which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon publication of this announcement through a Regulatory Information Service, this inside information is now considered to be in the public domain.
For further information, please contact:
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Manx Financial Group PLC |
Beaumont Cornish Limited |
Shore Capital
|
Tavistock Communications Limited |
|
Denham Eke |
Roland Cornish/ James Biddle |
Toby Gibbs/ Oliver Jackson |
Simon Hudson/ Adam Baynes |
|
Tel: +44 (0) 1624 694694 |
Tel: +44 (0) 20 7628 3396 |
Tel: +44 (0) 20 7408 4090 |
Tel: +44 (0) 20 7920 3150 mfg@tavistock.co.uk |
Manx Financial Group (AIM: MFX) is a diversified UK banking and financial services group with a proud Manx heritage. The Group holds Isle of Man and UK banking licences, allowing it to provide flexible funding solutions across both territories focused on SME lending. Knowledge of the SME sector has enabled MFX to build a portfolio of valuable subsidiaries, from start-ups to selective and accretive acquisitions, which are creating significant value for shareholders. These entrepreneurial subsidiaries are grouped under our entrepreneurial subsidiary Manx Ventures Limited.
Nominated Adviser
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
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