Independent business reviews (IBRs)
Friend Partnership can undertake independent business reviews for businesses experiencing problems. We can act for management, investors or lenders and tailor the scope of our review to meet our client’s requirements.
We work with stakeholders to provide lenders with an independent view on whether its borrower has adequate liquidity to continue operating for the foreseeable future, and is able to meet its debt commitments as they fall due.
Our work includes a thorough review of the business forecasts, testing the assumptions contained therein for potential weaknesses and cash low points. Such reviews help lenders take a view as to whether the business plan provides a reasonable basis to determine the debt capacity and to make future lending decisions.
Our work can include:
- Pre-lending reviews, reporting to banks and investors on a business and its plan, financials, management and market conditions, concluding on the risk to the funders
- Detailed financial reviews, investigating and analysing specific problems such as cash shortfalls, accounting irregulatories or underperformance
- Specialist investigations in areas such as fraud or compliance with regulatory requirements