These are the actual outputs.
One library, two artifact families, one verification rail.
Every artifact on this page is a real platform output. The sell-side family answers what an institutional reviewer will see when they evaluate this business. The buy-side family answers whether a committee or lender can decide and defend from this evidence. Same engine produces both.
Capital Refinery does not sell screenshots. It produces artifacts that counterparties can inspect, verify, and reuse.
Every file linked from this page carries a deterministic fingerprint, resolves to a public verification URL, and ships with the engine's refusal discipline intact. The artifacts your firm receives in production are structurally identical to the specimens below — same renderer, same evidence standard, same refusals.
What an institutional reviewer will see when they evaluate this business.
The readiness ladder, in artifact form. Operator-attested at the bottom, document-verified in the middle, externally-distributable at the top, delta-proven at the re-engagement. Each tier produces a forwardable artifact in the same engine voice.
Operator-attested intake graded against the 10-axis institutional readiness framework. 4-page fingerprinted memo. The integrity stamp ("what this Self-Assessment refuses to do") sits on page 1 so every downstream grade is framed by the refusals.
Audience: business owner · their advisor · their CPA. Self-Assessed badge only; cannot promote to Institutional Ready without document verification.
This is the artifact a business owner receives at the $750 tier — same 10-axis framework as the full IRA, same integrity stamp, but without document verification. Forwardable to their CPA, banker, or wealth manager without platform dependency.
Document-verified scope on the top 5 highest-leverage blockers in 5 business days. The first artifact a sophisticated reviewer treats as evidence rather than attestation. The $750 Self-Assessment credits forward in full within 90 days.
Audience: operator transitioning from self-attested to document-verified · their banker scoping mandate prep · their CPA cleaning up upstream. Verification-in-progress badge.
The Gap Review is the same IRA renderer narrowed to the top-5 blockers a document-verification scope would surface. Distinct from the SA (no '(claimed)' tags; document-verified) and from the full IRA (narrower blocker scope, faster turnaround).
Full 10-axis IRA with document evidence behind every axis. External tier carries the share-token verification URL a buyer, lender, or LP can independently resolve. The cover page now opens with a 10-axis readiness heat strip and the top-3 blockers — scannable in 5 seconds.
Audience: operator · their advisor · their banker · the buyer/lender/LP at the next step. Evidence-Confirmed badge once document review completes.
The IRA is the artifact a seller carries into every counterparty's diligence room. Same engine, same fingerprint, externally verifiable. The downloads include the supporting workbook + KPI summary the operator's banker forwards alongside.
The differentiating artifact. After remediation work lands, the Re-IRA Delta surfaces what moved in outcome language — eliminated blockers, remaining gates, diligence friction removed, new buyer/lender classes now viable. Never score-language ("improved C+ to A-"); always outcome-language.
Audience: operator post-remediation · their advisor proving ROI on the engagement · their next counterparty (banker / lender / buyer) seeing what changed.
The doctrine the delta renderer enforces is locked: never lead with band change ('moved from Developing to Near Ready'). Always lead with eliminated blockers + remaining gates + friction removed + timeline compression. Band change appears as a small secondary line near the bottom. That keeps the artifact from drifting into school-report-card framing.
Ten axes, two gates, lowest wins.
- Financial consistencyGate
- Data integrityGate
- Reporting maturityStd
- KPI completenessStd
- Operational riskStd
- Stress toleranceStd
- GovernanceNew
- Management responsivenessNew
- Key-person dependencyNew
- Customer concentrationNew
What a committee or lender uses to decide and defend an investment.
The buy-side pack ships seven artifacts for the Falcon Services Q1 2026 fixture deal — a corporate private-credit position carrying real KPIs, real covenants, and a real IC anchor. Every file shares the same fingerprint and resolves to the same public verification URL.
The committee document. Hero KPI strip, recommendation, transaction summary, financial profile, capital structure, credit metrics, covenant headroom, Risk Signals scoreboard with rolled-up band legend, key risks with mitigants, decision triptych (What Must Be True / What Would Change This / Likely Committee Pushback), reconciled conflicts with garbage-extraction outliers quarantined to the workbook.
Audience: Investment Committee · Credit Committee · the senior decision-maker who will sign the term sheet.
This is the artifact your IC reads at commit. Every figure traces to the workbook Source sheet; every conflict surfaced through the arbitration layer is explainable in reader-facing confidence language; raw winner_score stays in the workbook for auditors.
Senior-decision-maker compression of the IC memo. Same fingerprint, same data, faster scan. The MD / partner / CCO read.
Audience: senior partner · MD · Chief Credit Officer · anyone who doesn't have time for the full 24-page memo.
The senior-partner read. Same fingerprint as the IC memo; reduced to the cover dashboard + covenant package + risk signals + decision frame. One read for the partner who delegates the rest.
The forwardable decision-triptych extract. What must be true, what would change this, what committee pushback to expect — separated from the full memo for forwarding to the LP, the board, or the audit team.
Audience: LP advisory committee · fund auditor · board director · workout team months later asking “what did we know at commit?”
The artifact a fund auditor reads quarters later to reconstruct the decision basis without rebuilding from email threads. Same fingerprint as the IC memo; carries the triptych and nothing else.
The numeric layer underneath the narrative artifacts. Spreadsheet-native, source-attributed at the cell level, downloadable for spreadsheet-native workflows. xlsx doesn't render cleanly in a browser viewer — these ship as downloads with the same fingerprint chrome.
Summary (with fingerprint + anchor + verify URL), Financials, Credit, Covenant_Headroom (BarChart), EBITDA_Allocation (BarChart), Capital_Structure, Source (KPI-level provenance), Source_Documents.
Download workbookXLSXCurrent covenant rows with both negotiated thresholds (from the credit agreement) and typical industry fallbacks, headroom math per row, observed compliance-cert filing history when present, and a structural read on headroom direction.
Download workbookXLSXEvery promoted figure with the source document, the source sheet, the source cell, the extraction method, and the winner_score. The audit-grade companion to the IC memo.
Download workbookXLSXEvery curated metric with its canonical key, value, unit, and confidence score. Designed for the workflow where the full memo is overkill but the KPI shape needs to flow into another model.
Download workbookXLSXEvery artifact above is independently verifiable.
Every file linked from this page carries a deterministic fingerprint stamped into the footer (docx) or Summary sheet (xlsx). The fingerprint is a cryptographic hash of the engine state that produced the artifact — change one number in the source data, the fingerprint changes, the pipeline re-runs, and a new artifact replaces the old one.
Every external-grade artifact (the IRA at $12.5K, the buy-side pack) also resolves to a public verification URL at capitalrefinery.com/p/<token> — a no-login page anyone with the token can hit to confirm the artifact in their hand matches the engine state at issuance. That's the structural integrity claim, not a marketing claim.
The engine's refusal discipline is what makes the verification meaningful. The platform refuses to grade things it cannot observe (management quality, AI readiness, narrative coherence), refuses to impute missing data, refuses to soften verdicts, and refuses to surface garbage extraction candidates in buyer-facing tables. The refusals are enforced in code and identical across every assessment.
See it on your own deal.
The specimens above are real platform outputs on fixture deals. The pack you'd receive on your own deal is the same shape, the same fingerprint discipline, the same refusal layer — produced by the same engine.