The number of cases backed by Manolete has now almost doubled in the last 10 months to 90.
We continue to work with insolvency and rescue advisors across the UK – from the “Big 4” through to one and two partner specialists in the UK regions.
A key development in the last year has been the large increase in cases referred to us by specialist insolvency law firms.
Manolete continues to finance claims from as little as £20,000 through to £50m+ claims.
In recent weeks noteworthy concluded cases include the following (figures are the cash settlement figures):
– £362k wrongful trading claim
– £375k preference claim
– £143k breach of franchise agreement
– £30k preference claim
– £40k supplier dispute
– £105k Transaction at Undervalue
– £40k illegal dividend claim
On average Manolete are settling insolvency claims at the rate of one per week.
Smaller claims tend to be settled within a few weeks. The average across the entire portfolio of 90 claims (including several very large, long running cases) is just 5 months.
In all cases over 80% of the settlement figure is available for distribution to the insolvent estate and Manolete.
Once we complete our 100th insolvency litigation investment we will be publishing a full review of Manolete’s performance across the portfolio of cases