An IBR in Ireland is typically carried out by an experienced corporate advisor or insolvency practitioner with expertise in financial analysis and business restructuring. The reviewer must be independent — they cannot have a prior relationship with the company that would compromise their objectivity. Banks will often specify that the reviewer must be acceptable to them before engagement. The reviewer examines the company’s financials, forecasts, management, and market position, then produces a written report with findings and recommendations. Choosing an advisor with a strong track record in IBRs is important, as the quality of the report directly influences the bank’s response.
