What was the value of C12 Group's accounts receivable in 2024?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of The C12 Group, LLC (the Company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, changes in members' equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of The C12 Group, LLC as of December 31, 2024 and 2023, 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 exact value of C12 Group's accounts receivable as of December 31, 2024, is not explicitly stated. While the balance sheets for December 31, 2024 and 2023 are mentioned, the specific figures for accounts receivable are not provided in the excerpts. The auditor's report confirms that financial statements for these years exist and were audited, but the detailed numbers are absent.
Without the specific accounts receivable figure, prospective franchisees cannot assess C12 Group's recent financial health, particularly how much money is owed to them by clients or franchisees. Accounts receivable is a key indicator of a company's ability to collect revenue and manage its cash flow effectively. A high accounts receivable balance could indicate difficulties in collecting payments, while a low balance might suggest efficient revenue collection processes.
To gain a clearer understanding of C12 Group's financial standing, potential franchisees should directly request the balance sheets and related financial statements for 2024 and 2023 from the franchisor. These documents should contain the specific figures for accounts receivable, allowing for a more informed investment decision. Additionally, it would be prudent to inquire about C12 Group's policies for managing and collecting accounts receivable to assess the risk of potential bad debt.