An Independent Business Review (IBR) can be a valuable tool for you and your stakeholders, particularly your Bank. You can instruct one, or your Bank may do so, if they have seen a change in your use of the account facilities, an over-reliance on an overdraft facility or a breach of banking covenants.
Its purpose is to establish the solvency, or otherwise, of your business. Whoever instigates the IBR, it is an opportunity to step back from everyday business functionality and consider the bigger picture of strategic business direction. An IBR will provide an informed, objective assessment of a business’s existing trading and financial position. It evaluates your business plans and financial forecasts against historic performance and current market conditions, and provides an analysis of working capital, profitability, management skills, customer service, product offering, commitments and guarantees, assets and liabilities, and current and future funding requirements.
Our team have considerable experience in the preparation of IBRs and have supported many businesses in establishing workable plans to take the business forward. They are a valuable tool providing sound recommendations and information which you and your Bank can rely on.
We will help you assess your situation, explore your options, provide you with advice and develop a solution for you. To arrange a free, no obligation consultation click here or call 01592 630085.