About

An independent perspective on the decisions that shape the future of your business.

At BOYBEL, we believe that good business decisions begin with a clear understanding of the facts. Our approach is grounded in accuracy, clear communication and sound judgement. We do not rely on figures alone, but neither do we make decisions without them. We seek to understand how a business actually operates, where its genuine risks and opportunities lie, and how financial information can be translated into practical decisions and meaningful action. Our services are provided free of charge to clients, and there is no charge for submitting an enquiry to BOYBEL.

Our approach

We work personally, discreetly and with respect for each organisation’s specific context.

We do not offer universal recipes. We begin by understanding the situation carefully, testing assumptions and building a realistic framework for action together with the management team.

Our goal is not merely a recommendation, but stronger decision-making capability—with logic that remains useful after the engagement ends.

Founders

The people behind the practice.

Hristiyan Boynazliev

Co-Founder | Senior Financial & Risk Analyst

Finance Professional with a Strong Affinity for Mathematics and the Exact Sciences

My professional career has centred on working with companies, business clients, accountants and other stakeholders, with a particular focus on financial analysis, credit risk and assessing the financial position of businesses. I have extensive experience working with financial statements and the underlying data, including balance sheets, income statements, cash flow statements and other components of annual financial statements. I have analysed financial performance, liquidity, indebtedness, profitability and resilience, as well as the underlying rationale and risks associated with different business models. My experience across the financial and banking sectors has taught me to look beyond what the numbers show and ask why they show it. For me, financial analysis is not a mechanical exercise in reviewing financial metrics. It is a way of understanding how a business actually operates, what drives its performance, where its resilience lies and where genuine risk begins. My professional experience includes financial reporting, forecasting, budgeting, and the analysis of revenue, expenditure and key business performance indicators. This experience is complemented by qualifications in Financial & Credit Analysis and Economics and Information Technologies, together with practical experience as a Credit Risk Officer in the banking sector. I have professional working proficiency in English and German, as well as basic proficiency in Russian. In my work, I value accuracy, integrity, clear communication and sound reasoning. I do not believe in embellishing information or concealing problems behind complex terminology. I prefer things to be called what they are, facts to be verified and conclusions to follow from the evidence. For me, professional competence is not simply about knowing the answer. It is about asking the right question, seeing the wider picture and maintaining independent judgement when taking the easier option would be more convenient. I believe in objective assessment over assumptions, evidence over assertion and facts over convenient versions of reality. When there is a problem, I would rather identify it early and address it clearly, even when that leads to a less convenient conclusion.

Ivan Belovezhdov

Co-Founder | Senior Consultant | Business Development & Strategic Partnerships

An analytical professional with experience in project management, team leadership and business process management, combining structured thinking with a practical approach to achieving business objectives.

My professional experience spans the banking and financial sectors, as well as project and business process management. My work involves coordinating teams, improving workflows and delivering complex projects, with a consistent focus on efficiency, quality and sustainable outcomes. My approach combines analytical thinking with strong organisational skills and a clear focus on execution. I believe effective management requires more than structure and discipline; it also requires the ability to make timely, well-informed decisions and turn them into action. I combine established best practices, appropriate technology and effective management principles to develop practical solutions that deliver tangible, lasting value for businesses. A significant part of my work involves business development, identifying new opportunities and building long-term partnerships. I believe strong business relationships are built on mutual trust, a clear understanding of objectives and the ability to create value for all parties involved. As a consultant, I approach each assignment with close attention to the context in which the business operates and to its actual needs. My aim is to turn complex challenges into clear, practical solutions that support growth, improve efficiency and provide a sound basis for sustainable development. I take a long-term view, both when managing projects and processes and when building new business relationships. To me, successful business development brings together sound strategy, professional expertise, consistent execution and the judgement to recognise the right opportunities at the right time. Ultimately, I measure a good result not simply by whether something has been delivered, but by whether it has been delivered sustainably - with clear objectives, consistency and accountability.

Principles

Clarity

We separate what matters from the noise and formulate decisions that can be understood and implemented.

Independence

We provide an objective perspective grounded in facts and the long-term interests of the business.

Accountability

We take responsibility for the quality of our analysis, recommendations and real progress.

Next step

Let us turn a complex question into a clear direction.

Send an enquiry