Welcome to Manx Financial Group PLC
Integrity through independence and service
An independent banking and financial services group founded in 1935, domiciled in the Isle of Man
Manx Financial Group PLC (“Company” or “MFG”) is an AIM-listed company (LSE: MFX.L) which has subsidiaries (together referred to as “Group”) offering a suite of financial services to retail and commercial customers, both in the Isle of Man and the UK. MFG's strategy is to combine organic growth with strategic acquisition to further augment the range of services it offers and to gain greater market share in its preferred markets.
The Group's subsidiaries are:
- Conister Bank Limited
- Conister Finance & Leasing Ltd
- MFX Limited
- Payment Assist Limited
- Blue Star Business Solutions Limited
- Edgewater Associates Limited
- Ninkasi Rentals & Finance Limited
- The Business Lending Exchange Limited
Conister Bank Limited (“Bank”) is a licensed independent bank, regulated by the Isle of Man Financial Services Authority (‘FSA”), the UK's Financial Conduct Authority (“FCA”) and is a full member of the Isle of Man's Association of Licensed Banks.
The Bank provides a variety of financial products and services, including savings accounts, asset financing, personal loans, loans to small and medium sized enterprises, block discounting and other specialist secured credit facilities to the Isle of Man and the UK consumer and business sectors.
Conister Finance & Leasing Ltd (“CFL”) is a subsidiary of the Bank. It is a credit broker providing hire purchase (‘HP") and leasing finance facilities in the UK.
CFL is regulated by the FCA in the UK and registered as a designated business by the FSA in the Isle of Man.
MFX Limited (“MFX”) provides access to competitive foreign exchange and international payment processing facilities.
MFX’s target customers are corporates and private clients who have a foreign exchange and international payment requirement via their UK foreign exchange providers.
Payment Assist Limited (“PAL”) is the UK's leading automotive repair point-of- sale finance provider and offers diversified lending including insured products and retail.
PAL was acquired as part of the Group's strategy to increase its access to underserved UK credit markets.
Blue Star Business Solutions Limited (“BBSL") is a finance broker providing asset finance and commercial loans in the UK to the small and medium sized enterprises market.
BBSL was acquired as part of the Group's strategy to increase its distribution in the UK broker credit market
Edgewater Associates Limited (“EAL”) is the largest firm of Independent Financial Advisors (“IFA”) in the Isle of Man and is regulated by the FSA.
EAL provides a bespoke and personal service to Isle of Man residents and to the Group's business and personal customers and advises on assets in excess of £319 milion (2021: £368 million).
Ninkasi Rentals & Finance Limited (“NRFL") was acquired as part of the Group's strategy to increase its access to underserved UK credit markets.
NRFL provides equipment finance and rental products to UK based craft and micro-breweries.
The Business Lending Exchange (“BLX") was acquired as part of the Group's strategy to increase its access to underserved UK credit markets.
BLX is regulated by the FCA in the UK and primarily lends to start-up companies and small businesses which require asset backed finance.