An Independent Business Review is an objective assessment of a company’s financial position, trading performance, and future viability, carried out by an experienced corporate advisor. IBRs are typically commissioned by lenders when a borrower is experiencing financial difficulty, or by company directors seeking an honest external view of their situation. The review examines historical financials, cash flow forecasts, the business model, management, and the competitive environment. The output is a report outlining the company’s current position and recommending a way forward — whether that’s restructuring, refinancing, or a managed wind-down. An IBR provides credibility and structure to difficult conversations with stakeholders.
