Manolete Partners plc share price, company news, analysis and interviews

Manolete Partners plc (LON:MANO), the leading listed insolvency litigation financing firm in the UK, has announced a trading update and the successful completion of one of the larger cases in its portfolio of UK insolvency claims. During the current trading period since 31 March 2020, Manolete has completed 40 cases, including the Claim, which itself will generate a realised gain of approximately £4.1m and a net pre-tax profit contribution to the current accounting period of approximately £2.1m (net of the reversal of the previous unrealised gain of £2.0m that was previously allocated to the Claim).  No material write offs were sustained in

Manolete Partners plc (LON:MANO) have noted the potential for a spike in insolvencies later this year if R3 member survey figures hold true. In a report published on the R3.org.uk website it states that an overwhelming majority (93.7%) of respondents to a survey of members of the insolvency and restructuring profession carried out by the profession’s trade body expect corporate insolvency numbers to increase over the next year. Breaking down the numbers it showed that more than half the respondents expect corporate insolvency numbers to be ‘significantly higher’ than last year and 37.6% think that it will be ‘somewhat higher’. The survey

Manolete Partners plc (LON:MANO), the UK’s leading listed insolvency litigation financing company, has announced its audited results for the year ended 31 March 2020. Steven Cooklin, Chief Executive Officer, commented: “We have delivered another set of strong financial and operating results, with impressive double-digit growth in revenue and EBIT during the period. We continue to deliver outstanding investment returns, yielding an average Money Multiple of 2.7x and ROI of 174% on 257 completed cases since inception. “Despite the large expansion of the infrastructure overhead required for the rapid expansion of the business in FY20, Company net cash receipts from completed cases (after all payments

Manolete Partners plc (LON:MANO), the leading UK-listed insolvency litigation financing company, has said that it will be announcing its audited results for the twelve months ended 31 March 2020 on Wednesday, 24 June 2020. The results will be published at 07:00 BST through the regulatory news service (RNS) and on the Company’s investor website: https://investors.manolete-partners.com. A presentation for analysts will be held online at 09:30 BST. Those wishing to attend, please register with Instinctif Partners at [email protected].