Until what date did Bumble Roofing management evaluate subsequent events for the financial statements?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
Management has evaluated subsequent events through December 13, 2024, the date of this report, which is the date the consolidated financial statements were available to be issued.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, management evaluated subsequent events related to the consolidated financial statements through December 13, 2024. This date represents the point up to which Bumble Roofing considered events that occurred after the balance sheet date (September 30, 2024) but before the financial statements were issued.
This evaluation is a standard accounting practice to ensure that the financial statements include all material events that could affect the company's financial position. For a prospective Bumble Roofing franchisee, this means the financial statements reflect the most current information available as of December 13, 2024. Any significant events occurring after this date would not be included in these specific financial statements but would likely be disclosed in future financial reporting periods.
It is important for potential franchisees to understand the timeframe covered by the financial statements to assess the financial health and stability of Bumble Roofing accurately. While the evaluation extends to December 13, 2024, franchisees should also inquire about any significant events that may have occurred after this date that could impact the franchise system.