FeasibleHQ
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Move an assumption.
The whole study moves.

FeasibleHQ is where you build the financial model and write the feasibility study in the same place. Every number in the text is a live reference to the model, so when an assumption changes, the study changes with it. There is nothing left to re-check by hand.

That conclusion paragraph is a real section of a study. Drag the tariff.

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60computed figures, all citable
3files, produced together
1seal anyone can verify
11 · Conclusion Vale do Sol — 48 MW solar live

Recommendation

At a tariff of 61.40 €/MWh and the P50 yield, the project produces a net present value of — at a 7.93% cost of capital, with a project return of —.

Minimum debt‑service coverage is — against a 1.20× covenant, in —. The project services its debt in every year of the tenor.

61.40 €/MWh
33.4 €m
Resource assessment

Vale do Sol is an illustrative project and the model behind this paragraph is a simplified one, computed in this page. The engine inside the product is a different order of thing — but the property being shown is the real one: the prose holds references, never numbers.

What it is

One place for the model, the document and the evidence

The problem

Three files pretending to be one

A financial model in a spreadsheet, a document in a word processor, and a folder of source material meant to justify both.

They drift from the first day. An assumption is corrected in the spreadsheet and the sentence in section four still quotes the old number.

Nobody notices until a lender’s analyst does. By then the three of them disagree, and nobody can say which one the study actually stands on.

What FeasibleHQ does

One place, and one source for every figure

The model is computed by a deterministic engine with its own test suite, and the document’s figures are references to that model rather than numbers typed into prose.

The documents you upload are read, quoted and turned into assumptions you approve one at a time. The finished study can then be checked by whoever receives it, in their own browser, without contacting you.

The methodology available today is renewable energy generation, covering eleven standard sections from the executive summary to the recommendation. A study can add sections of its own, and methodologies are written as data rather than as code.

What people use it for

Six moments a feasibility consultant will recognise

Each one is a place where a study built in a spreadsheet and a word processor costs a day. Under each is the part of FeasibleHQ that takes the day back.

01 Independent adviser

The lender came back with questions

Three weeks after you sent it, the bank wants to see the study at a lower tariff and a fifteen-year tenor instead of eighteen. In a spreadsheet-and-Word study that is a day of reading every section again to find which sentences quoted the numbers you have just changed.

What does the workChange two assumptions. Every cited figure in the document re-resolves.
02 Analyst

Forty pages arrived from the developer

A term sheet, a yield report, an EPC quotation and a grid connection offer. Somewhere inside them are the twenty numbers your model needs, and in six weeks somebody will ask which page each one came from.

What does the workEvery proposed assumption arrives with the sentence it was read out of.
03 Whoever is writing it

The section is due on Friday and still blank

You know what belongs in the technology section. Writing it out again, for the fourth project this year, in the register a credit committee reads, is the part that takes the afternoon.

What does the workThe assistant drafts it from the methodology and your documents, and cannot write a number.
04 Anyone raising debt

They will ask what happens at P90

A study that shows only the base case gets that question in the first meeting. Answering it honestly needs a second model, and a second model is stale within a week of the first one changing.

What does the workA case is your model with a few assumptions moved, and its figures are citable in the text.
05 The name on the cover

Their analyst wants to check your numbers

Whoever receives the study will rebuild the model in their own spreadsheet, and will find any figure in the text that no longer matches it. That conversation decides whether they trust the rest of the document.

What does the workSend the sealed PDF. They re-run your model in their own browser.
06 The practice

The second project this quarter

Same technology, a different site and sponsor. Everything you settled the first time, the structure, the voice, the way you present coverage to a credit committee, is worth having again without copying a file and hunting through it for last quarter’s numbers.

What does the workDuplicate it. Kept passages come back bound to the new model, not the old one.
Inside the software

What you actually get

Six parts, built to work as one thing rather than as six features that happen to ship together.

1
The model

A financial engine, not a spreadsheet you maintain

Enter capacity, yield, tariff, capital and operating costs, debt, equity, tax and the macro assumptions. Everything downstream is computed and recomputed as you type.

  • Add the lines your project actually hasExtra capital cost items, several operating cost lines, more than one debt tranche, staged equity. Not a fixed template you have to work around.
  • The figures a lender reads firstCoverage ratios by period, minimum and average, loan life coverage, interest cover, and the cash available for debt service they are all built on.
  • Refused at the field, not at the exportA value the engine cannot accept is rejected where you typed it. The model on screen is the model that will be exported, which is not true of a spreadsheet with a broken cell in it.
  • Any currency, and the standard you report inSet once for the study; every figure and every exported file follows it.
Model · Vale do Sol recomputing
Installed capacity48 MW
Annual yield per MW1,584 MWh
Tariff61.40 €/MWh
Senior debt · 6.35%, 15y28,840,000 €
NPV
10.28 €m
Project IRR
11.1%
Min DSCR
1.27×
2
Your documents

It reads what you already have, and shows its working

Upload the term sheet, the yield report, the EPC quotation, the tender pack, the spreadsheet the developer sent. PDF, Word, Excel, CSV and plain text.

  • Every proposal carries its source sentenceThe exact wording out of your document, checked against the file before it reaches you. You can see where each number would come from without opening anything.
  • You decide, one at a timeTake it or skip it. Nothing is written into your model on its own, and a proposal that only confirms what you already entered is folded away.
  • It tells you what it could not findSilence is never the answer. If a subject produced nothing, or a file could not be read, it says so and names it.
Read from your documents 18 proposals
Tariff61.40 €/MWh

“… a fixed tariff of EUR 61.40 per MWh applies for the first fifteen years from the commercial operation date …”

PPA_term_sheet.pdf · page 4
Debt tenor15 years
Facility_agreement.pdf · clause 4.1
Why this matters The slowest part of a study is not writing it. It is transcribing figures out of other people’s documents and then proving, weeks later, where each one came from. Here that provenance is captured the moment the number enters the model.
3
The assistant

It writes the study. It is not allowed to write a number

An assistant that drafts each section against the methodology, your brief, your own uploaded documents and the way your practice writes. Every figure it produces is a reference to the model, never a typed value.

  • Section by section, on your wordAsk it to draft, and keep, edit or discard what comes back. It appends rather than overwriting, so your own sentences are the part that survives.
  • It knows what the section is forThe methodology tells it what a reader expects in that section and why, so a draft addresses the concern rather than filling space.
  • It writes in your voiceTwo standing notes — how you write, and your practice’s house conventions — go into every draft, so the second study sounds like the first.
  • Checked, not trustedIts output is inspected for anything that looks like a typed financial figure, and for references to figures that do not exist. Both are reported to you rather than quietly accepted.
Draft · Financial analysis assistant

The project returns a net present value of 10.28 € m against a cost of capital of 7.93%. Coverage holds above the covenant throughout, at a minimum of 1.27× in year 1, and improves thereafter as the senior debt amortises.

1 literal figure The draft contains “EUR 12.4 million”, which is not a reference to the model. Bind it or remove it before this section is sealed.
4
The document

A study whose numbers cannot go stale

The methodology gives you the standard sections and tells you what a reader expects to find in each one. You write; the figures come from the model.

  • Insert a figure, not a numberPress ⌘K, pick the figure, and the sentence holds a reference to it. Change the assumption later and the sentence updates itself.
  • Tables and site drawingsThe risk matrix, the permit schedule, the tariff steps, the site layout, the location map — in the document and in the exported files. A table cell can cite the model exactly as a sentence does.
  • Charts drawn from the modelRevenue over the projection, coverage by period, cash flow and closing cash — generated rather than pasted, and printed in the finished study.
  • Your own sectionsIf the study needs a section the methodology has never heard of, add it, and draft it with the same assistant.
  • Nothing left out by accidentA running checklist of the figures a reader expects in each section, and which of them are still missing.
Figures a reader expects 6 of 8
Net present valuecited
Minimum DSCRcited
Loan life coveragemissing
Levelised costoptional
5
The cases

The question a lender asks in the first meeting

A study that shows only the base case gets asked what happens at P90 before anyone has finished reading it. Here a case is your model with a few assumptions moved, so it cannot drift from the study around it.

  • Name a case, move a few assumptionsA P90 yield, a capital cost overrun, both at once. Correct the base model and every case corrects with it.
  • Its figures are citable tooThe risk section can state the downside coverage rather than describe it, and that sentence stays true when the assumption is corrected.
  • And which assumption mattersA sensitivity ranking showing what actually moves the answer, so the study argues about the right things.
Cases covenant 1.20×
BaseP90Capex +10%
Net present value10.285.497.42
Project IRR11.1%9.6%10.1%
Minimum DSCR1.27×1.14×1.27×
6
Delivery

Three files, and a document that proves itself

When the study is finished the figures resolve once, at the instant the files are produced, from the model as it stands.

  • A typeset PDFTitle page, running headers, your tables and drawings, and an appendix naming every figure in the document and where it was computed from.
  • An editable Word fileReal Word tables, for the client who marks things up.
  • The model as a workbookExcel with live formulas, so the analyst on the other side can move an assumption and watch the coverage move — which is the first thing they will try to do anyway.
  • A seal anybody can checkThe PDF carries the machine-readable model inside it. The recipient drops the file on the verification page and it re-runs the model in their own browser.
Export sealed
PDF the copy that gets sent DOCX the working file XLSX the model
SEAL · SHA-256
9f4c1ab77e02d5c8b1e6a3049f7d2c6b
3a58e0d14c9b7f26e8a05d3b1c47f9e2
And the rest of it

The parts that make the second study faster than the first

A tool you use once is a demo. These are the things that pay off from the second study onward.

Search everything you have written

One search box across every study your practice has produced, matching the words rather than the file names.

Keep the passages that worked

Save a paragraph you are happy with and reuse it in the next study. Its figures stay bound, so the previous client’s numbers cannot travel into the new document.

Start from an existing study

Duplicate a finished project, change the client and the site, and keep the structure, the voice and the model shape you already settled.

How your practice writes

Two standing notes — your own voice and the firm’s house conventions — go into every draft, so studies from one office read like one office.

It tells you what to do next

Which sections are written, which figures are still uncited, and the single next step — so a study in progress never has to be reconstructed from memory.

Tables, drawings and charts

A risk matrix with an owner column, a permit schedule with dates, the site layout, and charts drawn from the model — all of them printed in the finished study.

Private to your practice

Studies and uploaded documents belong to your organisation and are readable only by the people in it. Colleagues join by invitation, and nothing is shared outside the practice by default.

Light and dark

The whole workspace in both, because a study gets written at ten in the morning and at eleven at night. The choice is remembered between visits.

The engine

60 figures, computed and citable

Every one of these can be dropped into a sentence, a table cell or a downside case, and every one of them stays tied to the model that produced it.

  • Net present value
  • Project IRR
  • Equity IRR
  • Modified IRR
  • Payback period
  • Discounted payback
  • Profitability index
  • Terminal value
  • Enterprise value
  • Equity value
  • Discount rate applied
  • Minimum DSCR
  • Average DSCR
  • DSCR in a period
  • Loan life coverage
  • Interest coverage
  • Cash available for debt service
  • Debt to equity
  • Net debt to EBITDA
  • Current ratio
  • WACC
  • Cost of equity
  • Cost of debt
  • After-tax cost of debt
  • Risk-free rate
  • Levered beta
  • Equity share of capital
  • Debt share of capital
  • Revenue
  • EBITDA
  • EBIT
  • Gross profit
  • Operating costs
  • Depreciation
  • Interest expense
  • Tax
  • Net income
  • Free cash flow to firm
  • Free cash flow to equity
  • Cash from operations
  • Capital expenditure
  • Closing cash
  • Net cash movement
  • Debt drawn
  • Debt repaid
  • Total assets
  • Total equity
  • Debt outstanding
  • Net fixed assets
  • Cash
  • Break-even revenue
  • Break-even volume
  • Break-even period
  • Margin of safety
  • Contribution margin
  • Operating leverage
  • Levelised cost of energy
  • Capacity factor
  • Lifetime output
  • Lifetime cost

Valuation, coverage, cost of capital, the three statements, break-even and levelised cost — from the same engine a recipient re-runs when they verify the document.

The work

How a study gets made

Six steps, in the order a consultant actually works.

  1. 1
    Answer the brief

    What is being built, where, who buys the output, what the lender has already said. The answers go into the model, not into a side document that goes stale.

  2. 2
    Upload what you already have

    Term sheets, yield reports, quotations, tender documents. The assistant reads them and proposes assumptions for you to accept or reject, each with the sentence it came from.

  3. 3
    Build the model

    Capacity and yield, capital cost, operating cost, debt, tax, macro. One model, rechecked as you type, with the coverage a lender will ask about visible while you work.

  4. 4
    Add the cases a lender asks for

    P90 yield, a cost overrun, both together. Each case is the same model with a few assumptions moved, and its figures can be quoted in the text like any other.

  5. 5
    Write, with the model in reach

    The assistant drafts each section against the methodology and your own documents. You keep, edit or discard. Tables and drawings sit in the document where they belong.

  6. 6
    Export, and seal it

    PDF, Word and Excel, produced together from one model. The seal is taken over the model that produced the figures, so the document can prove itself.

Three properties

Claims your reader can check for themselves

Not adjectives. Each of these is verifiable by the person holding the document.

Bindings

A figure is a reference, not a number

The sentence stores {{valuation.npv}}. It has never held a copy of the value, so it cannot be holding an old one. Correct the assumption and the sentence is already correct.

The engine

No language model computes anything

The arithmetic is deterministic and tested. The assistant is a writer with reading rights, not a calculator you have to trust.

The seal

The document proves itself

Your reader does not have to take the figures on faith, or ask you for the model. They reproduce them from the file you sent, in their own browser, with no account and nothing uploaded.

Free, no account, nothing uploaded

Try the model checker first

Drop in a spreadsheet you already have. Fourteen structural checks a credit committee runs before it reads a word of the story: balance‑sheet integrity, cash‑flow reconciliation, the basis the coverage ratio is calculated on, circular references, hardcoded values sitting inside formulas. It runs entirely inside your browser — the page is served with a policy that forbids it from making any network request at all, so nothing can be uploaded even by mistake. Useful on a model somebody else built, before your name goes anywhere near it.

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Questions

The things people ask first

What is FeasibleHQ?

A work platform for producing feasibility studies. It holds the three things that normally live in three separate files — the financial model, the document, and the evidence behind them — and keeps them in step with each other.

Does an AI calculate the numbers?

No. Every figure comes from a deterministic financial engine with its own test suite. The assistant writes prose and cites figures from the model; it is not permitted to write a number, and if its output contains one you are shown it rather than it being quietly accepted.

What does the assistant actually do?

It drafts each section against the methodology, your brief, the documents you uploaded and the way your practice writes, and you keep, edit or discard what comes back. It appends rather than overwriting, so your own sentences survive. Every figure it produces is a reference to the model; its output is inspected for anything that looks like a typed number or a reference to a figure that does not exist, and both are reported to you.

What happens when I change an assumption?

Every sentence that cites it changes with it. A figure in the text is a reference to a place in the model, not a number that was typed there, so correcting the yield corrects the executive summary, the risk section and the conclusion at the same time. Tables and downside cases move too.

What kind of feasibility study can I produce today?

Renewable energy generation, with a full methodology covering eleven standard sections from the executive summary to the recommendation. You can also add sections of your own to any study. Further methodologies are written as data rather than as code, so they arrive without a rebuild.

Can it read the documents I already have?

Yes. Upload term sheets, yield reports, EPC quotations, tender documents and spreadsheets — PDF, Word, Excel, CSV and plain text. The assistant reads them and proposes model assumptions, each one carrying the exact sentence it came from, checked against the file before you see it. You accept or reject each proposal; nothing is written into your model on its own.

What does it export?

A typeset PDF for the client, an editable Word document with real Word tables, and the model itself as an Excel workbook with live formulas. All three are produced from one model at one moment, so they cannot tell different stories.

What is the seal, and how does someone check it?

A sealed study carries a SHA-256 seal over its assumptions, its parameters and every figure computed from them, and the PDF carries the machine-readable model inside it as an attachment. The recipient drops the file on the verification page, which re-runs the model in their own browser and reproduces every figure in the document, digit for digit. They never have to contact you, and nothing is uploaded anywhere.

Who can see the documents I upload?

They are stored privately and are readable only by your own organisation. When you ask the assistant to draft a section or to read a document, the passages it needs are sent to the model provider for that request; nothing is sent at any other time. The free spreadsheet audit sends nothing at all — that page is served with a policy that forbids it from making any network request.

Does the second study go faster than the first?

That is the point of it. Start a new study from an old one, keep passages you are happy with and reuse them — with their figures still bound, so the previous client’s numbers cannot travel into the new document — and search across everything your practice has written.

What does it cost?

It is free while we are in early access. There is no card and no billing to cancel.

Your next study can prove itself.

Free while we are in early access. Bring a project you are already working on, or the documents for one, and see how far it gets in an afternoon.

Coming soon Ask for early access