The parties in a £15m High Court claim against auditors Moore Stephens LLP, said to have caused losses to retail consumers who used the failed investment firm Lendy, have filed amended pleadings, the mouseinthecourt can exclusively report.
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Reporting by freelance journalist and blogger Daniel Cloake
✍️ [July 2024] We previously reported on the claimants case in ‘Lendy auditor caused £15m loss to investors, court papers claim‘.
✍️ [Oct 2024] We also reported that the defendant had been given an extension of time to file their defence in ‘Lendy auditor given new deadline in £15m negligence case‘.
✍️ [Nov 2024] We also reported on the filing of the defence statement in “Lendy auditor: ‘We made mistakes, but blame the dishonest directors’, defence statement says“
✍️ [Jan 2025] We then reported on the response to the defence in “‘Don’t blame the directors … the auditors should have audited!’ – Lendy court doc says“
✍️ [Feb 2025] We then reported on parallel proceedings carried out by the Institute of Chartered Accountants for England and Wales in “Lendy Auditors “Severely Reprimanded” and fined after breaching regulations“
✍️ [July 2025] We then reported on revelations contained within the amended particulars of claim in “Sinking Ship: Lendy’s founders knew collapse was coming – “The company is bust, the model doesn’t work”“
The Business and Property Courts where the claim has been filed
We are now publishing the amended pleadings, along with all the court documents.
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Pleadings – First Round
Answers to questions
Response to request for further information
[July 2025]
[NEW]
Pleadings – Second Round
Amendments are in red
Amended
Particulars of Claim
[July 2025]
[NEW]
Amended
Defence and Counterclaim
[July 2025]
[NEW]
Amended
Claimants Response
[Jan 2025]
[NEW]
Orders
So what happens next?
Without wishing to have too much reliance placed on our speculation – at this point we’d normally be waiting for a date for the court to hold a procedural hearing to determine costs and case management issues. I would expect this to be held later this year or early 2026 based on the current availability of the High court in London.
At any point the claimant could choose to discontinue the claim, or the parties could decide the outcome between themselves and settle the claim.
We’ll aim to follow this case as it progresses through the court system. You can support us with the cost of this endeavour by buying us a coffee or donating to the cheese fund.
Case details
Manolete Partners Plc v MSR Partners LLP
Case Number: BL-2024-000191
Manolete Partners Plc are represented by Gateley
MSR Partners LLP are represented by Clyde & Co
Mouse in the Court 