An Independent Business Review (IBR) is a financial and operational assessment commissioned by creditors, shareholders or investors to evaluate the viability of a business under financial stress, without waiting for formal insolvency proceedings. It covers liquidity position analysis, business model viability, management quality assessment and financial projection reliability. In distressed contexts, the IBR provides the factual basis for decisions on restructuring, refinancing or disposal. Its conclusions directly inform the choice between informal workout and formal insolvency proceedings.

‍

Example: a Swiss SME's main bank mandates Hectelion for an IBR following covenant breaches. The review identifies a structurally underfunded working capital gap of CHF 1.8 million, a viable business model conditional on a CHF 3.0 million capital injection, and capable management. The IBR report forms the basis for negotiating a refinancing plan with the bank syndicate — avoiding formal insolvency proceedings and preserving the business's going concern value.

‍

Hectelion conducts IBRs for creditors and shareholders of distressed companies, providing independent financial diagnostics that support restructuring decisions.