What makes a feasibility study genuinely bankable?
A positive IRR is not enough. A bankable case must connect demand evidence, operating capacity, risk allocation, funding and downside resilience.
23 June 2026 · 7 min readRead ↗
ASCENT Journal
Analysis for decisions that matter.
Articles and practical perspectives on financial leadership, capital, restructuring, investment and complex projects.
Financial Leadership
Profit is not liquidity: why growing businesses still run out of cash
Revenue growth and accounting profit can hide a deteriorating cash position. The issue is usually timing, working capital and funding structure—not merely profitability.
Read article ↗The first questions in a financial turnaround
Cost reduction may be necessary, but it should not be the first analytical conclusion. Liquidity, viability and stakeholder constraints come first.
31 May 2026 · 6 min readRead ↗
Board packs should be designed around decisions—not departments
More pages do not create better oversight. Effective board information highlights performance, liquidity, risk, choices and management action.
8 May 2026 · 5 min readRead ↗
From feasibility to procurement: the readiness gap project owners often miss
A technically complete study is not automatically ready for market. Owners must connect feasibility, affordability, delivery structure, risk allocation and tender requirements.
15 April 2026 · 7 min readRead ↗
Existing site or new site? Building a defensible comparative feasibility assessment
A new location should not be assessed in isolation. The decision requires a common baseline covering demand, land, logistics, cost, funding and operational risk.
23 March 2026 · 8 min readRead ↗
Why complex projects need an independent owner-side adviser
The owner needs continuity across advisers, financial logic, governance and approvals without duplicating the roles of engineers, lawyers or procurement authorities.
28 February 2026 · 7 min readRead ↗
Commercial control of provisional sums, scope changes and adviser appointments
Projects lose cost discipline when provisional sums and scope additions are treated as administrative details rather than governed financial commitments.
5 February 2026 · 6 min readRead ↗
Practical thinking—not generic commentary.
The ASCENT Journal focuses on recurring decision problems observed across finance, investment and strategic projects. Articles are educational and do not disclose confidential client information.
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