Fundesem, Alicante’s business school, held its Board of Directors meeting on Tuesday to push forward the development of a vitality plan designed to satisfy creditors and steer the institution out of the ongoing bankruptcy situation that has lasted since last July. The plan leans on a consolidated debt load, including 1.65 million euros owed to the Valencia Institute of Business Competitiveness, a balance tied to the rental of the school’s headquarters, along with approximately 900,000 euros due to other suppliers and staff. This financial structure frames a pathway toward stabilization as the school works through its obligations with creditors and administrators.
While the specifics of the document are still being refined, the prevailing direction is clear: Fundesem intends to liquidate the limited company that was created roughly a year ago to simplify management. The entity carries limited assets and revenue, and it has been deemed unsuitable to continue as the main operating vehicle. The bankruptcy administrator is anticipated to approve this maneuver, marking a formal shift in how liabilities will be managed and reported moving forward.
With this move, the Fundesem foundation aims to preserve certain income streams. These include staff salaries and rental income from classrooms leased to the Chamber of Commerce. A central objective is to resume teaching activities, potentially through a collaboration with an external institution. This could involve partnering with another esteemed business school or a respected academic entity to rebuild confidence among prospective students. In this scenario, discussions are underway about a possible agreement with European University to offer postgraduate programs, even as other candidates are being considered to ensure the best fit for the foundation and its students.
As part of the strategic plan, Fundesem had already reached an accord with a private university center to share facilities for a range of socio-health programs. The plan envisaged delivering multiple degrees while aligning with the center’s capabilities and requirements, thereby expanding the education portfolio during the restructuring period. These collaborations are seen as a way to maintain continuity in instruction and to safeguard academic opportunities for learners who rely on Fundesem’s network.
The roadmap depends, of course, on the approval of the autonomous governing body that holds a significant portion of the debt. The deliberative body’s stance will determine whether the plan to reduce and reorganize obligations can proceed. The approval process remains a critical step, as it will shape the pace and scope of the reorganization aimed at restoring financial health and academic continuity.
In a related development, Fundesem managed to broker a deal with ENAE, the Murcian business school, enabling about 50 students to complete their studies there. An additional fifty students are enrolled in the Senior Business Management Course, the CEO Update program, and the Digital Marketing master’s degree, with a final decision on the potential implementation plan still pending. These arrangements underscore the network’s goal of preserving learning pathways for enrolled students while exploring viable operating models during the restructuring process.
Separately, the Fundesem network experienced a service disruption on Monday, temporarily rendering access unavailable. Technical issues were cited as the cause, with assurances that the service would be restored promptly once resolved. The incident has been noted as a short-term setback in an otherwise focused effort toward financial reorganization and program continuity. Attribution: Fundesem communications office