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Banks Manx Financial

Manx Financial merges three UK finance units

Manx Financial Group is combining three UK subsidiaries into a single brand, targeting a tenfold jump in profit before tax by 2028.

by tickstock newsroom
The image depicts a close-up view of stacks of coins arranged on a wooden surface. The coins vary in size and denomination, highlighting a focus on currency and finance. — Credit: Photo by Sarah Agnew on Unsplash c Photo by Sarah Agnew on Unsplash

Manx Financial Group (AIM:MFX), the AIM-listed financial services company, said its wholly owned subsidiary Manx Ventures has begun merging three UK finance units.

The Business Lending Exchange, Manx Collections and Blue Star Business Solutions will combine into a single market-facing brand, Triskel Finance.

The restructuring is expected to cut headcount and remove overhead duplication while sharpening revenue focus.

Triskel Finance's profit before tax is expected to rise by £1.0 million to £1.1 million in 2028, up from £0.1 million in 2025.

"This project is another example of Manx Ventures improving profitability as well as creating embedded future value for the Group and its shareholders", said chief executive Douglas Grant.

by tickstock newsroom