Manolete Partners Plc (GB:MANO) has released an update.
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Manolete Partners Plc, a leading UK insolvency litigation financing company, announces a strong year with record case investments and a return to profit in FY24, driven by a surge in UK insolvencies and larger case investments. The company completed a historic number of cases yielding £24.2m in legally binding settlements and is poised to capitalize on market conditions with an efficient financing structure, including a revised covenant package with HSBC. Manolete’s strategy to enhance both case volume and average case sizes is supported by increased staff capacity and successful industry partnerships.
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