Independent Business Review (IBR)
A review to assess businesses that are facing financial challenges
At a time when a business is facing financial distress, the only way to protect the stakeholders’ investment and minimise the risk of exposure, is to react with speed in response to the changes encountered in the company’s performance and marketplace.
Whilst an obvious statement, this is extremely difficult if the business is suffering from poor financial control, lack of accurate management information, poor relationships and an overall loss of confidence is demonstrated in the organisation’s management. Yet, all of these are common factors when a company is facing financial challenges.
What is an Independent Business Review (IBR)?
Also known as a Viability Report, the review independently assesses the financial position of the business. The report delivers the financial, operational and strategic information to enable the stakeholders to identify the underlying problems, the key risks and financial factors to implement a strategy and recovery plan.
Next steps for an Independent Business Review
For more information on Independent Business Reviews, we offer an initial free consultation to review the situation and make recommendations on the best way forward. If we think that an Independent Business Review is the best route forward, our specialists can support the business at every step of the way through the process.
Contact our Head Office on +44 (0) 20 3326 6454 to arrange a no obligation and confidential call with one of our Partners.
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