INDEPENDENT BUSINESS REVIEWS – BANK REQUIREMENTS
In recent years as more companies consider expansion opportunities and turn to financial institutions for funding, we have seen a rise in the number of requests for Independent Business Reviews (IBRs).
IBRs are often required by banks and financial institutions before finalising a funding or investment decision. UHY Farrelly Dawe White Limited carry out IBRs on behalf of interested parties including company directors, shareholders and financial institutions. The aim of the IBR is to provide independent and relevant information that the stakeholders can use to make vital decisions. It is crucial for companies to be aware of the areas that banks and financial institutions require information and analysis.
Bank requirements checklist:
Current trading and financial position
Profit and cash flow projections
Sensitivity analysis
Management and systems
Bank security cover
We offer a business-focused approach to IBRs with a highly qualified team of professionals. Our previous experience in undertaking IBRs suggests that stakeholders have acted on our recommendations in making their financial decisions.
If you would like to discuss an independent business review in more detail, please contact Alan Farrelly at alanfarrelly@fdw.ie or +353 42 933 9955.
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