Manx Financial Group PLC (LON:MFX), the holding company providing a diversified range of financial services to the Isle of Man and the United Kingdom, has announced 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”.
