Asked by Anonymous
Asked on 11 Aug 2019
Anyone knows where or is it even possible to get financial statements of private companies?
Top Contributor (Nov)
For private companies, you won't be able to get that information at all. Unless you know someone on the inside, or have managed to be offered a private placement.
You may get some info from purchasing their Acra. But most of these private company information not for public. Unless you're buying over their company then can request them for their financial statements.
Dont think you cant get them unless your are a VC and you want to buy them out haha.
Yeah, it is possible! I was working in a company previously and we would buy financial statements of private companies from ACRA!
I didn't really did that before.
You may look from it in ACRA that may need to purchase.
Some of the huge private company would do that like HuaWei.
Or if you would like to invest in them, and they are opened for investors. You should request from the owner.
Of if a private company going for an IPO, there will publish a prospectus where you can find their financial statements there.
Don't think it's possible at all. Only publicly listed companies are obligated to release their results to public.
Is there a particular reason you are looking for it?
Yes, it is possible. You can buy them from ACRA. However ACRA charges you each financial statement per company. If a private company has many subsidaries, you may have to purchase each subsidary financial statements to get a whole picture. Alternatively, you can be lazy and just buy the financial statment of the main company and hope you get a good picture of the private company.
I wonder why so many people answered "no" to this question here....
Financial statements of private companies are not publicly available. Unless you have a private stake with their companies.
No. Unless you are an investor who invested in their private investment round and enjoy information rights.
Top Contributor (Nov)
Since it is private company, the statement will not be made public. The best alternative is to check with the company itself, or if you know anyone there who is able to help you.