News blog

Manx Financial Group

• BY: Andrew Hore |
• POSTED: 20/06/2014 |

Manx Financial Group is near to announcing a new joint venture that will offer insurance premium and and asset-backed finance for the UK professional business sector.

At the end of April 2014, Manx’s total assets exceeded £100m and there will be an improvement in profit in the first half of the year. 

Conister Bank has entered into an integrated wholesale funding agreement with PayBreak Ltd, a non-bank lender, which will be able to loan between £100 and £1,000 to online consumers. Conister Bank has also received the remaining cash recoverable from its time in the litigation funding market.

Interim figures will be published at the end of August.

At 14.5p a share, Manx Financial is valued at £14.8m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJune2014_57.pdf