Approval given for SMP buyout

Thursday, 20 June 2019 06:14

By Rob Pritchard @rpritchard9

SMP Group Ltd. has been given the green light for its management buyout.

The company announced the move in February and confirmed its now received all the regulatory approvals needed to complete the deal.

Group CEO, David Hudson, has called the news a 'significant milestone', saying momentum is growing for the organisation to invest and develop.

Mr Hudson took on the role of Chief Executive after the buyout was announced earlier this year, previously saying 'continuity and opportunity' were the next key steps for the firm.

More from Isle of Man Business

Island company wants to import medical cannabis

An Island company has submitted an application to be able to import medical cannabis from around the world.
Money laundering risks in insurance sector haven't changed

The money laundering risk faced by the insurance sector has remained unchanged over five years, according to a new report.
Interceltic Business Forum to visit Island for first time

The Isle of Man will host a business conference for the Celtic nations for the first time next year.
Corporate tax return deadline nears

The deadline for corporate tax returns is approaching next month.
Government consulting over corporate law updates

The government's launched a public consultation on plans to update corporate laws.
Deadline for businesses to register for STEMFest is tomorrow

This week's the deadline for businesses to get involved in a youth science and technology festival next year.
Sunset Lakes announces plan to fully re-open

A fishing and events venue in the West of the Island has announced it'll be fully re-opening next year.
Sponsorship applications open for 2026 MGP

Would your business like to be a sponsor for the Manx Grand Prix?