What was the total amount of recoveries for Bw Premier Collection as of November 30, 2024?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
s of Financial Position consisted of the following:
| (in thousands) | As of November 30, | |
|---|---|---|
| 2024 | 2023 | |
| Beginning balance | $ 16,425 | $ 17,373 |
| Recoveries | 2,135 | 1,478 |
| Provisions | 1,006 | 794 |
| Write offs | (3,914) |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the total amount of recoveries as of November 30, 2024, was $2,135,000. This figure represents the expected recoveries of amounts previously written off, which are included in determining the allowance for credit losses. These credit losses are related to accounts receivable, primarily from Bw Premier Collection members.
The document also provides a comparison to the previous year. As of November 30, 2023, the recoveries amounted to $1,478,000. This shows an increase in recoveries from 2023 to 2024. The allowance for credit losses is based on Bw Premier Collection's assessment of customer credit risk and the collectability of accounts.
It is important to note that these recoveries are part of a larger picture that includes beginning balance, provisions, and write-offs related to credit losses. For example, the beginning balance for the allowance for credit losses in 2024 was $16,425,000, provisions were $1,006,000, and write-offs were $3,914,000, resulting in an ending balance of $15,652,000. Understanding these factors can help a franchisee assess the financial health and credit risk management practices of Bw Premier Collection.