Manolete Partners plc (AIM:MANO ) has informed the market they remain fully operational and are experiencing increased activity levels. In March the Company had 50 new case enquiries, 15 new signed cases and 8 case completions. 

Although there have been some delays in the Courts, very few of the Company’s cases go to Court.  During the current crisis the Company have been conducting mediations and other Alternative Dispute Resolution meetings using video conferencing services during this current period of social distancing. 

In the 12-month period ending 31 March 2020, the Company saw: 

  • A 131% increase in new cases (141; FY19: 61); 
  • A 54% increase in completed cases (54; FY19: 35); and 
  • Gross proceeds of £10.1m (FY19: £9.3m) for the full year; with gross proceeds in the second half of FY20 of £7.7m, compared to £2.4m in the first half. 

Shares in Manolete were up 12% in early morning trading