We are delighted to report that we have now signed over 50 insolvency litigation cases. The highlights are:

  • 25 cases have been completed generating almost £2m of cash for insolvent companies
  • Average time to complete our cases is just over 5 months – showing how effective the model is in the time-pressured and fee-pressured World of Recovery
  • 88% of the completed cases had a claim value of less than £50,000
  • We have a further 28 cases currently in-progress
  • In 70% of our cases (by volume) we have purchased the claims outright from the insolvent company
  • In 30% of our cases we are funding the Office Holder to pursue the claims
  • Case values range from £20,000 to £millions – with an average of £77,000
  • We are taking on average two new case enquiries per day either from IPs directly or their solicitors
  • Every Recovery firm that has ever used Manolete has always returned with further cases – in a number of instances we have already worked on over 5 cases for individual firms
  • The cases cover the full spectrum of insolvency law, with the 6 main areas being:

1. Directors’ Loan Account recovery
2. Breach of Contract
3. Wrongful Preference
4. Misfeasance/Directors’ Breach of Duty
5. Transaction at Undervalue
6. Illegal Dividends

Thank you for your fabulous support and we look forward to an even busier 2014

Steven Cooklin
Chief Executive
Tel: 01494 618520

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