In the title compound, [Fe(C5H5)(C19H15BN)(C18H15P)(CO)], the FeII atom is coordinated by a carbonyl group, a triphenylphosphine ligand, an isocyanotriphenylborate ligand and a cyclopentadienyl ligand in a piano‐stool structure. Two crystallographically independent molecules exist in the asymmetric unit; the Fe—CN, C[triple‐bond]N and CN—B bond distances are 1.866 (3), 1.157 (3) and 1.584 (4) Å, respectively, for one molecule, and 1.879 (3), 1.157 (3) and 1.587 (4) Å, respectively, for the other.