Expert Opinions

The Independent Business Review (IBR) is an independent expert opinion on a company’s economic situation, performance and future viability. It creates transparency in challenging corporate situations and serves as a robust basis for decision-making for shareholders, lenders and other stakeholders.

The focus is on analyzing the current economic situation, identifying key risks and potential, and assessing the company’s strategic and operational capacity to act. In particular, earnings, liquidity, financing structure, market position and the quality of the business plan are examined.

A well-founded Independent Business Review builds trust with financing partners and provides significant support in restructuring, financing or transaction processes. It delivers an objective assessment of future prospects and shows under which conditions sustainable stabilization and further development of the company are possible.

CENTUROS supports companies, investors and financing partners in preparing Independent Business Reviews – with analytical depth, entrepreneurial understanding and a clear focus on feasibility. In this way, we create transparency, orientation and a robust basis for strategic decisions.

The continuation forecast is a key instrument for assessing the economic stability of a company in crisis. It shows whether a company is able to reliably meet its payment obligations over the coming months.

The focus is on liquidity development over a forecast period of usually twelve months. The decisive question is whether it can be assumed with predominant probability that the company will remain solvent and be able to continue its business operations.

A positive continuation forecast has considerable legal significance: even in the case of balance-sheet over-indebtedness, insolvency can be avoided if solvency is secured. Conversely, a negative forecast entails an increased risk of an obligation to file for insolvency.

CENTUROS supports you in preparing well-founded continuation forecasts – based on robust planning calculations, transparent assumptions and clear recommendations for action. In this way, we create a reliable basis for business decisions and for dialogue with financing partners.

The going concern forecast is a central element of financial reporting under Section 252 of the German Commercial Code (HGB). It answers the crucial question of whether a company can continue its business operations in the foreseeable future.

As a general rule, financial statements are prepared on the assumption that a company will continue to exist – unless there are concrete indications to the contrary. Such doubts may arise in particular from liquidity shortfalls, persistent losses or other risks that threaten the company’s existence.

In these cases, a well-founded going concern forecast is required. It is based on an integrated business plan covering a period of usually at least twelve months. This shows transparently whether and under which conditions solvency can be secured and grounds for filing for insolvency avoided.

CENTUROS supports you in preparing robust going concern forecasts – with clearly structured planning calculations, realistic assumptions and concrete measures to stabilize your company. In this way, we create certainty for management, shareholders and financing partners.

A restructuring opinion lays the foundation for the successful realignment of companies in crisis. The aim is to assess a company’s capacity for restructuring on a sound basis and to show a clear path back to sustainable competitiveness and profitability. In practice, the focus is in particular on opinions in accordance with the IDW S6 standard.

A prerequisite for successful restructuring is that the company regains a stable market position and sustainable, competitive earnings power within a reasonable period of time. At the same time, solvency must be secured at all times throughout the entire restructuring process.

As part of our restructuring opinions, we analyze the causes of the crisis, assess the initial economic situation and develop an integrated, actionable restructuring concept. This includes concrete measures as well as a robust business plan that transparently presents the company’s future development. In addition, potential grounds for filing for insolvency are examined and classified in the context of IDW S11.

The result is a well-founded basis for decision-making for management, shareholders and financing partners – and at the same time the prerequisite for making the company sustainably bankable and attractive to investors again.