November 2018: Board Appointments

Manolete Partners Plc is delighted to announce some recent new appointments to the Board.

The Manolete Board now includes five members, comprised of two Executive Directors, Steven Cooklin and Patrick Lineen and three independent Non-Executive Directors, Dr Stephen Baister, Lee Manning and Peter Bertram who will act as Non-Executive Chairman.

Chief Executive, Steven Cooklin said, “It’s been an extremely busy and successful year for us. Our success is deeply rooted in the high quality of our staff both operationally and at Board level. It is very gratifying to be able to strengthen our Board with additional skills and this degree of qualification and experience.

“Peter Bertram is widely recognised as an extremely experienced Chairman. Lee Manning worked for Deloitte for many years and in the insolvency and recovery sector since 1989. Patrick Lineen joined Manolete in May and has immediately shown his strong financial acumen. I am very pleased to have Dr Stephen Baister join the Board given the extraordinary knowledge of the insolvency sector he gained as a Judge from 1996 until his retirement in 2017.

“We are investing in a record number of cases currently and the new Board members will be lending their considerable support and advice on our successful business strategy into the future.”

Notes for Editors.

1) Manolete Partners Plc is the leading insolvency litigation funder in the UK and was founded in 2009 by its CEO, Steven Cooklin. Manolete has been nominated for the Turnaround, Restructuring and Insolvency awards for ‘Insolvency Litigation Funder of the Year’ on all three occasions, winning in 2016 and 2017.

2) Manolete has completed investments in over 250 specialist insolvency cases completing 170. The Manolete approach is to either buy claims outright or fund Insolvency Practitioners to pursue claims, paying an amount in cash upfront, taking a share of the net proceeds but transferring all risk to us. Manolete does not use ATE – it self-insures the adverse cost risk so enabling maximum returns to Creditor Estates.

3) Manolete has worked with over 280 different Insolvency Practitioner firms across the UK. IPs use their choice of solicitor and forms a three-way partnership to achieve efficient returns for creditor estates.

4) For Board members full bios click here.

For further enquiries:

Steven Cooklin ACA ASI CF
Chief Executive
Manolete Partners PLC
T: 0203 859 3490
M: 07900 985559
Steven@manolete-partners.com

Head Office Address
Manolete Partners Plc
21 Gloucester Place,
London,
W1U 8HR

July 2018: Manolete’s Northern Office Signs its First Case

Manolete’s new Northern office has just signed its first live case – we are funding a substantial misfeasance claim on behalf of the liquidators of a Northern-based fashion retail company.

Manolete already works directly with a great many Insolvency Practitioners and Solicitor firms in the north of England and Scotland – our business inquiries have very wide regional coverage. Establishing a Northern hub underlines Manolete’s commitment to those independent local firms and Northern offices of nationwide practices and allows us to stimulate new opportunities and partnerships.

Manolete’s new office is based in Manchester and headed by Associate Director, Dominic Vincent. Dominic has been active in the northern insolvency market for over 20 years and has considerable experience of all aspects of insolvency litigation.

Dominic said, “I am delighted the newly founded Northern office of Manolete Partners is now contributing to our extensive list of over 65 live cases. In addition, we have assessed several cases from IPs and Solicitors who have approached Manolete for the first time. So our profile is clearly still rising.”

Steven Cooklin, Chief Executive of Manolete said, “We have been offered a very significant number of cases from IPs based in Sheffield, Leeds, Manchester and Doncaster. So the intention was always to consolidate that demand with a Northern office. In time, we hope to expand further into other significant business regions across Britain. Our wide regional spread is another indicator of our commercial strength.”

July 2018: Manolete Completes Major Tax Avoidance Claim

Manolete Partners has this week completed a major tax avoidance claim for over £2m.  Manolete had taken an assignment of the case. The claim was settled through mediation – the duration of the case was just ten months.

In line with many similar cases, the largest creditor in the Estate was HMRC who received over £1m. There was 100% fee recovery for the Insolvency Practitioner and the solicitor and counsel legal team. As is our strict policy – Manolete always retains the IP’s choice of legal team.

There was no ATE cost at all – Manolete self insures adverse cost risk for free to our clients. This plays a key role in maximising the returns to the Creditor Estate.

Manolete Chief Executive, Steven Cooklin said, “This case is a good example of our model working to full effect. The result is spectacular and fast returns for creditors, especially HMRC, who benefitted from receiving well over 50% of the total settlement. The IP has told us he is delighted with the speed and quantum of the result.

We are thankful for the outstanding IP investigation and litigation support work as well as the brilliant solicitors and counsel who formed a formidable team. It’s been another great result.