Island-based Manx Financial Group has bought asset-based lender ECF Asset Finance for £1.
MFG subsidiary Conister Bank has bought ECF’s loan book for £12.2 million – the book has £14.3 million outstanding on it.
ECF also has approximately £1.1 million in cash which will be available to Manx Financial Group.
Manchester-based ECF deals in finance leases and commercial loans to small businesses in the UK, and employs 16 staff.
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Island businessman says he has found the answer
DfE provided more than £250,000 to MT to assist with below ground fibre installations
Minister says figure was to ensure premises deemed not commercially viable could be included in rollout
Scott Leathers enters liquidation
Company who supplied race suits for Dunlop and McGuinness is wound up
Cyclist to Ride 2,000km from Italy to Peel for Sight Matters
This is a paid promotion on behalf of Sight Matters
