Spagnamania

SECTOR: Tourism

Assignment received from Italian Company

Subject of mandate: debt restructuring

The historic tourist agencies, with the advent of digital solutions, have had a slump in sales, and typical empty-per-full management has produced a series of failures even of well-known companies. Spagnamania in Rome was an institution for Romans.

Contacted by the administrator, we tried to identify the most logical way to decrease the debt percentage shown in the budget.

There were not many solutions: restructuring of bank, tax and commercial debt-all, however, after the drafting of a business plan that, through the production of cash flows, guaranteed deferred repayment of positions already at the limit in the company’s operations.