FEASIBILITY FOR INVESTMENT COMMITTEES
The feasibility modelyour IC will actuallysign.
A chartered-accountant engine. 3 hooks tie the statements together; the Balance Sheet Check confirms A = L + E every period. 51 adversarial scenarios pass. Locked before your IC, not after.
WHY THIS EXISTS
Most feasibility models break three times before the IC meeting. This one is built to survive it.
Four proofs, in order:
01 — IC REPORTING
The numbers your IC will open the deck to.
Assumptions shown are the ones the IC actually voted on. Change an input, the badge goes grey. Lock it, it goes green.
HOVER A TILE TO SEE THE HOOKS. CLICK TO SEE THE ASSUMPTIONS.
02 — FINANCIAL STATEMENTS
P&L, balance sheet, cash flow. Three statements, three hook-ticks, one engine.
Three hooks transfer data between statements. One Balance Sheet Check confirms A = L + E balances every period.
Year 5, £000
P & L
● NPAT → NPAT line in CF Operating (Hook 1) · NPAT → period addition in BS Retained Earnings (Hook 2)
BALANCE SHEET
Balance Sheet Check: A − L = Net Assets = Total Equity ✓
CASH FLOW
● CF Closing Cash → BS Cash line (Hook 3)
CLICK A ROW TO SEE IT IN THE OTHER STATEMENTS.
03 — SCENARIO & SENSITIVITY
What happens when the world doesn't agree with your base case.
Downside is base minus one standard deviation on rent, cost, and exit cap rate. Stress is the regulator's scenario.
TOGGLE A FILTER TO SEE WHICH SCENARIOS HOLD.
04 — ADVISORY ENGINE
A report, not a dashboard. Nine sections, every line tied to an assumption.
03 — RETURNS & DISTRIBUTION
Kingsbrook returns an IRR of 16.2% against a 15% hurdle. Equity multiple of 1.78× is within the 1.65×–2.00× band for 10-year BTR holds in the region. Cash distributions begin Year 3, with a yield on invested equity of 4.8% in Year 5 stabilised.
The IRR is compressed by the 4-year construction draw profile. Year-1 IRR contribution is negative; stabilisation at Year 5 brings rolling IRR above the hurdle by Year 7.
BENCHMARK ALERT · Year-4 DSCR dips to 1.12× in the downside case. Covenant threshold is 1.20×. Recommended: interest reserve top-up of £420k at financial close, or negotiate covenant reset to 1.10× for Years 3–5. See §07 for full benchmark alerts · §04 for full stress table.
CLICK A SIDEBAR ITEM TO JUMP TO ITS SECTION.
THE EVIDENCE
Built by a chartered accountant. Reconciled against Excel to documented tolerances. Source and commit history available under NDA.
THREE QUESTIONS YOU'RE PROBABLY ASKING
- Is this another Excel-in-a-browser?
- No. The engine is typed, tested, versioned, and locks for IC. Excel can't be locked. Excel can't be version-hashed. Your reviewer shouldn't have to trust a cell.
- Can my IC rely on the numbers?
- 603 tests pass, including 51 adversarial scenarios designed to break the model. Broken cross-references are caught before they reach you. The engine version is hashed into every locked model. Auditable.
- What if our deal isn't BTR?
- BTS (strata) lands next — the engine reuses 95%. Standard multifamily, office, industrial follow. Lot sales get their own vehicle per standard tax separation rules.
BOOK A CALL
Bring a live deal. We'll walk it through the engine together. 30 minutes. No deck. Leave with a short assumption memo.
Trouble loading the booking widget? Email hello@icfides.com or open the booking page directly.