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Accredited feasibility study: what does it mean?

“Accredited” is one of the most searched and most misused words in feasibility studies. Before paying for it, ask one question: accredited by whom, and for what purpose?

Last updated: 1 November 2026

Why people search for it

Usually because a lender or partner asked for a study they will “accept”. Acceptance varies: some lenders do not ask for a study at all, some want it from a registered consultancy, and some want financial statements reviewed by a licensed chartered accountant.

What “accredited” can actually mean

  • A licensed firm: the preparer is a registered business with a consulting activity. That is a condition on the firm, not a certificate that the numbers are right.
  • Lender acceptance: a specific lender accepts the study in your file. That decision belongs to the lender alone.
  • Chartered accountant review: the financial statements are reviewed by a licensed accountant, an independent professional service.

So a phrase like “accredited by all authorities” means nothing specific. Nobody can guarantee acceptance by a lender that has not seen your file.

Where Madrous stands

We do not claim our studies are “accredited” and we do not promise financing. We deliver a study organised with its sources and estimated, unaudited financial statements, so a licensed firm can review it with minimal effort if a lender asks you to.

If a lender requires a firm from its own list, we tell you before you pay.

How to confirm what you need

  • Ask the lender in writing whether a study is required and whether a specific preparer is required.
  • Read the product requirements on the lender’s official site. See feasibility study for financing.
  • Check the commercial registration and activity of the firm you will hire.
  • Be wary of any offer that ties the price to a “feasible” result or guaranteed acceptance.

Frequently asked questions

Do you issue bank-accredited studies?

We do not claim accreditation. We prepare a study and financing file organised around what applicable lenders ask for; acceptance is the lender’s decision.

Are your financial statements audited?

No. They are estimated, unaudited financial information, stated at the top of every statement.