18th Sep 2026 07:04
Manx Financial Group PLC - Douglas, Isle of Man-based financial services firm - Says on Thursday it starts the merger of three of its UK subsidiaries into a single brand called Triskel Finance Ltd. The units involved are The Business Lending Exchange Ltd, Manx Collections Ltd and Blue Star Business Solutions Ltd. The merger is expected to drive higher earnings through workforce reductions, the removal of duplicated overheads and improved revenue, says Manx. Triskel Finance pretax profit is expected to increase to GBP1.1 million in 2028 from GBP0.1 million in 2025. Chief Executive Officer Douglas Grant says: "This project is another example of Manx Ventures improving profitability as well as creating embedded future value for the Group and its shareholders."
Current stock price: 24.20 pence
12-month change: down 33%
By Camilla Borri, Alliance News reporter
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