Independent financial and commercial review for lenders, investors, directors and stakeholders
An Independent Business Review, or IBR, provides an objective assessment of a company’s financial position, trading performance, cash flow, business plan and options available.
IBRs are often required where a business is facing financial pressure, seeking funding, engaging with lenders, considering restructuring options or where stakeholders require independent insight into the company’s position.
At Corcoran Advisory, we provide clear, practical and commercially grounded independent reviews that help stakeholders understand the facts, risks and options.
Clear insight for key decisions
We help stakeholders understand the financial position, viability, cash flow outlook, risks and practical options available.
When might an IBR be required?
An IBR can be valuable where stakeholders need independent, evidence-based analysis before making funding, restructuring, investment or enforcement decisions.
Lender review
A lender requires independent analysis of a borrower’s financial position, cash flow and repayment capacity.
Funding or refinancing
The company is seeking new funding, refinancing existing facilities or preparing a credible funding case.
Financial pressure
The business is experiencing cash flow pressure, creditor pressure, declining profitability or uncertainty around viability.
Restructuring options
Stakeholders need clarity on restructuring, refinance, sale, rescue or insolvency options.
How we can assist
We tailor the scope of each Independent Business Review to the circumstances of the business and the needs of the instructing stakeholder.
- Reviewing historic trading performance and financial position
- Assessing cash flow, working capital and funding requirements
- Reviewing business plans, forecasts and key assumptions
- Assessing debt capacity, repayment ability and lender exposure
- Identifying key risks, sensitivities and pressure points
- Reviewing balance sheet values, assets and liabilities
- Assessing restructuring options and potential stakeholder outcomes
- Preparing a clear report with findings, options and practical recommendations
What an IBR typically covers
Trading performance
Historic revenue, margin, profitability, cost base and key trading trends.
Cash flow and funding
Short-term cash needs, working capital, funding gaps and repayment capacity.
Forecast review
Assessment of business plan assumptions, sensitivities and downside scenarios.
Options analysis
Review of restructuring, refinance, sale, rescue or insolvency options.
Independent insight where stakeholders need clarity
An IBR should provide more than a summary of financial information. It should give stakeholders a clear view of the current position, the credibility of the plan, the risks involved and the realistic options available.
We combine financial review, restructuring experience and commercial judgement to deliver reports that are clear, balanced and decision-focused.
Key review questions
- Is the business viable?
- Is the forecast realistic?
- What cash is required and when?
- What are the key risks and sensitivities?
- What are the practical options available?
Our approach
Scope the review
We agree the review scope, key questions, reporting needs and stakeholder requirements.
Analyse the business
We review trading, cash flow, forecasts, balance sheet, debt and commercial position.
Assess risks and options
We identify key risks, sensitivities, funding needs and practical options available.
Report findings
We provide clear, independent findings and recommendations for stakeholders.
Where we add value
We provide independent, decision-focused analysis that helps stakeholders understand the position, assess risk and consider the options available.
Our reviews are designed to be clear, practical and commercially grounded. We focus on the areas that matter most to the decision being made — whether that involves funding, restructuring, enforcement, investment or business rescue.
We work with directors, lenders, investors and professional advisers to ensure findings are balanced, evidence-based and useful.
Need an independent review of a business?
If you require an Independent Business Review or an objective assessment of a company’s financial position, contact us for clear and practical support.
Discuss an IBR