What was the value of accounts payable for C12 Group in 2021?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of The C12 Group, LLC (a Texas limited liability company) and subsidiary which comprise the consolidated balance sheets as of December 31, 2022 and 2021, and the related consolidated statements of operations and members' capital, and cash flows for the years then ended, and the related notes to the consolidated financial statements.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of The C12 Group, LLC and subsidiary as of December 31, 2022 and 2021, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the specific value of accounts payable for C12 Group in 2021 is not explicitly detailed within the provided excerpts. While the excerpts include consolidated balance sheets for December 31, 2022 and 2021, these balance sheets are not included in the provided documentation. The auditor's report does reference that the financial statements present fairly the financial position of The C12 Group, LLC as of December 31, 2022 and 2021. Also, the notes to the consolidated financial statements and summary of significant accounting policies are present. However, the actual figures for accounts payable are absent.
For a prospective franchisee, understanding the accounts payable is crucial as it reflects the company's short-term liabilities and overall financial health. Knowing the trend in accounts payable can indicate how efficiently C12 Group manages its obligations to suppliers and vendors. A significant increase in accounts payable might suggest potential cash flow issues, while a steady or decreasing level could indicate sound financial management.
To obtain this information, a prospective franchisee should directly request the consolidated balance sheets from C12 Group. This would provide a clear picture of the company's accounts payable and other key financial metrics for both 2021 and 2022, enabling a more informed investment decision. Understanding these figures will help assess the financial stability and operational efficiency of C12 Group.