Manx Financial Group PLC has entered into a joint venture with a consortium led by Andrew Flowers, Chairman of Enterprise Insurance Company PLC ('Enterprise'), to form a company to build a loan book specialising in insurance premium and asset backed finance for the UK professional services market. The new company, Manx Financial Limited ('MFL'), is registered in the Isle of Man. The Group will own 50.1% and Enterprise will own 49.9% of the issued share capital.

The Group will appoint two of the three directors including the Chairman.