Manx Financial Group PLC (LSE:MFX) has announced that its subsidiary, Payment Assist Limited (PAL), has secured five significant new lending partnerships, expected to increase annual loan advances by £27 million and boost revenues by more than £5 million. These agreements involve collaborations with key players such as the Retail Automotive Alliance, eDynamix, Car Care Plan, Nissan Motor GB, Fix Auto UK, and Revive! Auto Innovations, enhancing PAL’s Buy Now Pay Later (BNPL) offerings across a range of automotive services.
This strategic move is set to reinforce Manx Financial’s foothold in the UK automotive finance market, opening up promising avenues for growth.
While the company benefits from solid financial results and an appealing valuation, short-term technical signals show a mixed picture. Continued record profit growth and a clear focus on supporting SMEs contribute to a favorable outlook, although moderate leverage will need ongoing attention.
About Manx Financial Group
Manx Financial Group PLC is a diversified financial services holding company based in the Isle of Man and the UK. Through its fully owned subsidiary, Payment Assist Limited, the group specializes in providing BNPL finance solutions, with a particular emphasis on the automotive sector.
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