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"Let’s not pretend that things will change if we keep doing the same things.
A crisis can be a real blessing to any person, to any nation. For all crises bring progress.
Who overcomes crisis, overcomes himself, without getting overcome.
Who blames his failure to a crisis neglects his own talent, and is more respectful to problems than to solutions."

(A. Einstein, 1930)

STM's Financial Restructuring service is aimed at assisting companies in a financial crisis and/or pre-insolvency.

We support companies in debt restructuring with suppliers, banks, and tax authorities. We also offer financial advice and/or support services in the development of industrial plans, which allow us to stabilize the business and sustainably introduce change. We help companies improve the efficiency and effectiveness of cash and working capital management processes.

STM's approach to Restructuring & Turnaround is a  two operation:

STEP 1 is the analysis of the most critical components by:

A Company Due Diligence: carrying out financial, accounting, tax and legal due diligence regarding the company documentation relevant to restructuring;
B Industrial Macro Analysis: Understanding the main elements to be implemented for industrial turnaround. This helps identify the guidelines of a possible Recovery Plan consistent with the current and forward operational needs of the Companies.


STEP 2 also consists of the implementation of the chosen Recovery plan and consists of two sub-phases:
 

A) INDUSTRIAL TURNAROUND
• Interim management / CRO (Chief Restructuring Officer)
• Cost efficiency, process reengineering & improvement
• Operations & digital transformation

 

B) FINANCIAL RESTRUCTURING
• Advisors for the preparation of certified recovery plans, debt restructuring agreements and settlement with creditors both in continuity and liquidation
• Estimates of the economic value of the entire company or its branches
• Preparation of restructuring business plan
• Independent Business Review
• Detection of third-party investors/hirers
• Working capital & cash management
• Implementation of alert systems to prevent future insolvency or financial stress situations