Manolete Partners Plc (GB:MANO)
LSE:MANO
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Manolete Partners Plc
(LSE:MANO)
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Rating:51Neutral
Price Target:
40.00 p
▼(-20.00% Downside)
Action:Reiterated
Date:05/01/26
The score is mainly constrained by weak technicals (downtrend and bearish momentum) and an uneven financial profile marked by volatile earnings and inconsistent cash flow. The balance sheet is relatively conservative and the earnings call showed improving cash/net debt and strong case referrals, but declining revenue, weaker profitability, and portfolio write-downs keep the outlook mixed.
Positive Factors
Market-leading niche model
A clear market leadership in UK insolvency litigation finance and a distinctive claim-purchase model create durable competitive advantages: deeper referral relationships with insolvency practitioners, better access to deal flow, and structural bargaining leverage when allocating legal and settlement economics over multiple cycles.
Negative Factors
Revenue and earnings volatility
Case-driven revenues are inherently lumpy and recent declines highlight persistent volatility. Falling realized revenue and shrinking EBIT reduce predictability of earnings and complicate capital allocation, making multi-period forecasting and steady return generation more challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Market-leading niche model
A clear market leadership in UK insolvency litigation finance and a distinctive claim-purchase model create durable competitive advantages: deeper referral relationships with insolvency practitioners, better access to deal flow, and structural bargaining leverage when allocating legal and settlement economics over multiple cycles.
Read all positive factors
Manolete Partners Plc (MANO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£16.21M
Dividend YieldN/A
Average Volume (3M)69.22K
Price to Earnings (P/E)―
Beta (1Y)0.74
Revenue Growth-4.67%
EPS Growth590.48%
CountryUK
Employees29
SectorIndustrials
Sector Strength72
IndustryConsulting Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding43,810,966
10 Day Avg. Volume39,286
30 Day Avg. Volume69,223
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)1.39
Price to Sales (P/S)2.14
P/FCF Ratio-40.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.06
Revenue Forecast (FY)£35.00M
Manolete Partners Plc Business Overview & Revenue Model
Company Description
Manolete Partners Plc operates as an insolvency litigation financing company in the United Kingdom. The company engages in the acquisition and funding of insolvency litigation cases. Manolete Partners Plc was founded in 2009 and is headquartered i...
How the Company Makes Money
Manolete makes money by investing in, and sometimes acquiring, insolvency litigation claims and then earning returns when those claims are successfully resolved. Its core revenue model is case-outcome driven: it commits capital to pursue claims (i...
Manolete Partners Plc Earnings Call Summary
Earnings Call Date:Nov 19, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Jun 18, 2026
Earnings Call Sentiment Neutral
The earnings call presented both positive and negative aspects. While there were significant improvements in cash balance, case referrals, and operational efficiency, the company faced challenges with declining revenue, increased defaults, and write-downs related to cartel settlements. The sentiment is balanced with a slight lean towards the challenges that need to be addressed.Positive Updates
Cash Balance and Net Debt Improvement
Cash balance increased by 67% to GBP 1.1 million, and net debt decreased by 9% to GBP 10.8 million.
Negative Updates
Revenue Decline
Total revenue down by 12.7%, with realized revenue decreasing by 7% year-on-year.
Read all updates
Q2-2026 Updates
Positive
Negative
Cash Balance and Net Debt Improvement
Cash balance increased by 67% to GBP 1.1 million, and net debt decreased by 9% to GBP 10.8 million.
Read all positive updates
Company Guidance
In the recent investor call for Manolete Partners Plc, key financial metrics for the first half of the fiscal year 2026 were discussed. The company reported a 12.7% decline in total revenue, with realized revenue amounting to GBP 14 million, a 7% decrease from the previous year. Gross profit stood at GBP 4 million, reflecting a 10% drop, but the gross profit margin increased slightly to 31%. Overheads remained relatively stable at GBP 3.9 million. EBIT was reported at GBP 0.1 million, down from GBP 0.7 million the previous year, with one-off effects considered. Net cash generated from completed cases rose by 3% to GBP 7.8 million, and the cash balance increased by 67% to GBP 1.1 million. Additionally, net debt decreased by 9% to GBP 10.8 million, reflecting a stronger financial position despite the challenges faced.Manolete Partners Plc Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
72
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.42M | 30.48M | 26.30M | 26.79M | 15.24M | 24.43M |
| Gross Profit | 5.22M | 10.43M | 10.14M | 9.61M | 4.99M | 9.85M |
| EBITDA | 2.40M | 1.50M | 0.00 | -3.02M | 4.85M | 7.42M |
| Net Income | 635.00K | 893.00K | 933.00K | -3.12M | 3.68M | 5.70M |
Balance Sheet | ||||||
| Total Assets | 71.93M | 73.98M | 71.87M | 62.48M | 68.44M | 57.41M |
| Cash, Cash Equivalents and Short-Term Investments | 31.21M | 30.80M | 30.36M | 23.71M | 35.78M | 31.52M |
| Total Debt | 11.88M | 11.76M | 13.73M | 10.38M | 13.38M | 7.98M |
| Total Liabilities | 30.89M | 32.54M | 31.39M | 23.32M | 26.22M | 18.48M |
| Stockholders Equity | 41.04M | 41.44M | 40.47M | 39.16M | 42.22M | 38.93M |
Cash Flow | ||||||
| Free Cash Flow | 7.67M | 2.53M | -1.39M | 7.50M | 2.88M | 630.00K |
| Operating Cash Flow | 7.67M | 2.53M | -1.39M | 7.50M | 2.88M | 630.00K |
| Investing Cash Flow | -6.51M | 22.00K | 16.00K | -5.81M | -6.47M | -5.89M |
| Financing Cash Flow | -730.00K | -3.31M | 2.19M | -3.32M | 4.70M | -1.97M |
Manolete Partners Plc Technical Analysis
Negative
50.00
Price Trends
49.58
Negative
52.48
Negative
69.10
Negative
Market Momentum
-3.84
Negative
28.17
Positive
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MANO, the sentiment is Negative. The current price of 50 is above the 20-day moving average (MA) of 40.46, above the 50-day MA of 49.58, and below the 200-day MA of 69.10, indicating a bearish trend. The MACD of -3.84 indicates Negative momentum. The RSI at 28.17 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MANO.
Manolete Partners Plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £179.20M | 8.62 | 59.02% | 5.98% | 17.88% | 28.90% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | £93.34M | 7.60 | 6.42% | 8.80% | 6.04% | -24.55% | |
54 Neutral | £357.75M | -45.29 | 0.58% | 2.31% | 10.68% | -89.58% | |
51 Neutral | £16.21M | -20.02 | 1.54% | ― | -4.67% | 590.48% | |
45 Neutral | £410.84M | -0.78 | -142.88% | ― | -7.30% | -311.68% |
* Industrials Sector Average
GB:MANO
Manolete Partners Plc
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-57.23%
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Manolete Partners Plc Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Manolete grows case pipeline and lifts profit outlook despite debtor delays
Positive
Apr 24, 2026
Manolete Partners reported that full-year realised revenue for the period to 31 March 2026 is expected to be about £28m, slightly below last year but in line with guidance, as a stronger second half saw more high-value, high-margin case compl...
Business Operations and StrategyExecutive/Board Changes
Manolete Partners Adds Leading Insolvency Barrister to Board as Baister Steps Down
Positive
Mar 31, 2026
Manolete Partners Plc has appointed leading insolvency barrister Marcia Shekerdemian KC to its board as a non-executive director, effective 31 March 2026, where she will join the audit committee and chair the remuneration committee. Shekerdemian, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.