Manolete Partners PLC
OTC:MANOF
Manolete Partners PLC
Manolete Partners Plc is an insolvency litigation financing company, which engages in the acquisition and funding of insolvency insolvency-related claims. The firm has invested in approximately 674 cases. The principal activity of the Company is that of acquiring and funding insolvency litigation cases. The firm has regional network, allowing it to develop and maintain relationships with insolvency practitioners (IPs) and their chosen lawyers across the United Kingdom (UK). The company has worked with over 180 IP firms and their chosen legal advisers, often on multiple cases.
Manolete Partners Plc is an insolvency litigation financing company, which engages in the acquisition and funding of insolvency insolvency-related claims. The firm has invested in approximately 674 cases. The principal activity of the Company is that of acquiring and funding insolvency litigation cases. The firm has regional network, allowing it to develop and maintain relationships with insolvency practitioners (IPs) and their chosen lawyers across the United Kingdom (UK). The company has worked with over 180 IP firms and their chosen legal advisers, often on multiple cases.
Revenue Decline: Total revenue was down 12.7% year-on-year, with realized revenue of GBP 14 million, down 7%.
Profitability Pressure: Gross profit fell 10% to GBP 4 million, and EBIT dropped from GBP 0.7 million to GBP 0.1 million, mainly due to one-off impacts from cartel settlements.
Cartel Claim Impact: Settlement with a cartel manufacturer led to a GBP 1.9 million write-down on the portfolio, affecting unrealized revenues and margins.
Cash Generation: Net cash generated from completed cases increased 3% to GBP 7.8 million, and the cash balance rose 67% to GBP 1.1 million.
Market Activity: Record-high new case referrals (505 in H1), with increasing high-value claim opportunities from rising UK insolvencies.
Strategic Focus: The company will continue concentrating on UK insolvency claims, prioritizing investment in new cases over share buybacks.
Confident Outlook: Management expects a return to higher average settlement values in H2 and sees strong future opportunities driven by market dynamics.
