4 June 2021 - entry into SME debt management market
The AIM-listed financial services group has announced that it has obtained a Variation of Permissions from the Financial Conduct Authority for its wholly owned subsidiary Manx Collections Limited to manage and collect debt on behalf of third-party lenders operating in the UK. The company identified an opportunity to utilise its existing infrastructure and compliance resource to service debt recovery. By implementing compliant and structured debt settlement programs, Manx Collections Limited believes that funders will be able to continue lending to companies which have strong underlying fundamentals . . .
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