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Manolete Partners Plc (MANO) AI Stock Analysis
Manolete Partners Plc
(LSE:MANO)
The score is held back mainly by inconsistent earnings/cash conversion and weak technical momentum (price below major moving averages with negative MACD). Offsetting factors include a relatively solid balance sheet and a reasonable P/E, while the latest earnings call adds a balanced outlook: strong forward-book growth and margin improvement, tempered by provisions/ECLs, modest near-term profit, and cash timing risks.
Manolete Partners Plc (MANO) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 16.27M
- Dividend Yield
- ―
- Average Volume (3M)
- 38.31K
- Price to Earnings (P/E)
- 14.9
- Beta (1Y)
- 0.62
- Revenue Growth
- -7.28%
- EPS Growth
- 22.55%
- Country
- UK
- Employees
- 31
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Financial - Credit Services
Manolete Partners Plc Business Overview & Revenue Model
Company Description
Headquartered in London, UK, Manolete Partners Plc is a specialist firm that finances legal disputes related to insolvency proceedings across the United Kingdom. Established in 2009, the company's primary activity involves acquiring and providing cap...
How the Company Makes Money
Manolete Partners makes money by investing in insolvency litigation claims and earning returns from successful recoveries. Its core revenue model is case-based: the company funds the legal and associated costs of pursuing claims (including the use of...
Manolete Partners Plc Earnings Call Summary
The call presents a balanced picture: strong forward-looking indicators (a materially larger forward book, higher average claim values, improved gross margins, and strategic hires/BD initiatives) suggest meaningful future revenue and margin upside. However, near-term financials show constraining factors — a very modest adjusted realized PBT after a significant specific provision, ECL charges, a small net cash outflow, capital tied up in non-core cartel claims, and a modest increase in net debt. Management has set clear medium-term targets and emphasized operational levers to drive growth, but investor concerns about debtor risk, timing of cash realization and capital allocation (including no near-term buybacks) temper the outlook.
Q4-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided to a clear medium‑term (3–5 year) plan to drive realized revenues, profits and cash by increasing average realized revenue per completed case from £93k to £150k and average revenue per lawyer from £1.9m to £2.3m; supporting metrics include a record forward book of £67m (+£18m, +37% YoY) with average forward‑book claim value up to £158k (from £124k) and £32m of large cases (≥£0.5m, up from £21m). FY2026 trading showed realized revenue ~£28m, gross cash receipts £26.6m (+£1m, +4% YoY), adjusted realized PBT £0.1m (or £1.9m excluding a £1.8m specific bad‑debt provision), gross margin 37% (vs 32%), investment value of cases £46m (≈+£5m), £7.2m invested in new/ongoing cases (+5% YoY), and net debt slightly higher at £11.5m versus an HSBC RCF of £17.5m. Operational guidance emphasises keeping net debt under 50% of gross cash receipts, prioritising reinvestment in higher‑value cases and the legal team (three hires in FY26, selective future hires), converting the forward book (average case life ~14 months, ~12 months to collect, >90% settled by agreement), resolving cartel exposures and overdue debt (trade debtors overdue fell 18% to £12.3m; ECL charge £3.6m including £1.8m for two debtors with £4.7m net exposure), and returning capital to shareholders in the medium term (dividends/share buybacks possible, but no buybacks planned today).
Manolete Partners Plc Financial Statement Overview
Summary
Balance sheet strength (manageable leverage and stable assets) is a clear positive, but income performance is uneven (recent revenue softness, modest profits, and a prior-year loss) and cash flow quality is a concern given volatility and FY2026 free cash flow dropping to zero despite stronger operating cash flow.
Income Statement
54NeutralBalance Sheet
72PositiveCash Flow
48Neutral| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.88M | 27.88M | 30.48M | 26.30M | 26.79M | 15.24M |
| Gross Profit | 10.42M | 10.42M | 10.43M | 10.14M | 9.61M | 4.99M |
| EBITDA | 2.73M | 2.74M | 1.50M | 2.50M | -3.02M | 4.85M |
| Net Income | 1.09M | 1.09M | 893.00K | 933.00K | -3.12M | 3.68M |
Balance Sheet | ||||||
| Total Assets | 71.80M | 71.80M | 73.98M | 71.87M | 62.48M | 68.44M |
| Cash, Cash Equivalents and Short-Term Investments | 36.95M | 36.95M | 30.80M | 30.36M | 23.71M | 35.78M |
| Total Debt | 12.74M | 12.74M | 11.76M | 13.73M | 10.38M | 13.38M |
| Total Liabilities | 29.39M | 29.39M | 32.54M | 31.39M | 23.32M | 26.22M |
| Stockholders Equity | 42.40M | 42.40M | 41.44M | 40.47M | 39.16M | 42.22M |
Cash Flow | ||||||
| Free Cash Flow | 3.32M | 0 | 2.53M | -1.39M | 7.50M | 2.88M |
| Operating Cash Flow | 6.98M | 6.98M | 2.53M | -1.39M | 7.50M | 2.88M |
| Investing Cash Flow | -7.17M | -7.17M | 22.00K | 16.00K | -5.81M | -6.47M |
| Financing Cash Flow | 750.00K | 750.00K | -3.31M | 2.19M | -3.32M | 4.70M |
Manolete Partners Plc Technical Analysis
Price Trends
Market Momentum
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 37.00 is below the 20-day moving average (MA) of 37.80, below the 50-day MA of 38.50, and below the 200-day MA of 44.42, indicating a bearish trend. The MACD of -0.36 indicates Negative momentum. The RSI at 41.85 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, 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
Overall Rating
GB:KEYS80Outperform
GB:GTLY61Neutral
GB:RST60Neutral- GB:MANO54Neutral
GB:CPI47Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:KEYS | 80Outperform | GBP 240.27M | 19.10 | 61.14% | 6.78% | 20.86% | 31.27% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| GB:GTLY | 61Neutral | GBP 98.18M | 31.78 | 4.61% | 7.41% | 8.23% | 118.63% |
| GB:RST | 60Neutral | GBP 405.76M | 146.21 | 1.30% | 2.37% | 8.11% | -69.68% |
| GB:MANO | 54Neutral | GBP 16.27M | 14.86 | 2.62% | ― | -7.28% | 22.55% |
| GB:CPI | 47Neutral | GBP 307.23M | -1.53 | -677.10% | ― | -16.13% | -1315.87% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:MANO | Manolete Partners Plc | 37.00 | -50.50 | -57.71% | |
| GB:CPI | Capita plc | 256.50 | -51.50 | -16.72% | |
| GB:GTLY | Gateley (Holdings) | 71.50 | -36.27 | -33.66% | |
| GB:RST | Restore plc | 308.50 | 62.77 | 25.54% | |
| GB:KEYS | Keystone Law Group Plc | 764.00 | 155.78 | 25.61% |
Manolete Partners Plc Corporate Events
Manolete Partners Sets Record H1 Revenue as Forward Book Hits £69m
PositiveManolete Partners reported record half-year realised revenue of £17.4 million for the six months to 30 September 2026, up 23% year-on-year, driven by a higher number of completed cases and a greater proportion of large claims. Despite lower gros...
Manolete Partners Secures £3m Insolvency Case Settlement, Reaffirms Outlook
PositiveManolete Partners Plc, the UK’s leading insolvency claims financing specialist, focuses on acquiring and managing insolvency-related litigation to deliver strong returns from a £500 million-a-year market. Backed by over 1,400 completed cas...
Manolete Partners Gains Shareholder Backing as All AGM Resolutions Pass
PositiveManolete Partners Plc reported that all resolutions at its Annual General Meeting on 8 September 2026 were duly passed by shareholders, confirming ongoing support for the company’s governance and strategic direction. The vote results, to be pub...
Manolete Partners Reports Strong Trading and Expanding Insolvency Claims Portfolio
PositiveManolete Partners Plc, the UK’s leading insolvency claims financing specialist, operates in a fast-growing market focused on funding litigation arising from corporate and personal insolvencies. With more than 1,400 completed cases, nationwide c...
Manolete Partners Reports Positive Trading and Growing Case Book
PositiveManolete Partners Plc, the UK’s leading insolvency claims financing company, operates in a growing market for funding litigation linked to corporate failures and restructuring. With more than 1,400 completed cases and repeated top-tier legal an...
Manolete Partners Secures £3.4m Settlement in Major Insolvency Case
PositiveManolete Partners Plc has secured a £3.425 million settlement from a large insolvency-related case completed in July 2026, with the cash received in the same month and contributing to realised revenues for the current financial year. The board s...
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.
Date of analysis: Oct 13, 2026