1859696 Ontario Ltd.

1859696 Ontario Ltd. filed a Statement of Affairs sworn November 24, 2025, showing total assets of $803,849.79 against total liabilities of $3,388,275.55, a stated deficiency of $2,584,425.76. Liabilities break down as $106,863.08 secured and $3,281,412.47 unsecured, with nil in preferred/priority or contingent/trust claims. The sole secured creditor, 2166123 Ontario Limited operating as Andrew Sendel and Associates — a related entity bearing the name of a director/officer — holds security over cash on hand, accounts receivable, inventory and machinery/equipment, with an estimated surplus from that security of $696,986.71. Unsecured claims are dominated by related bakery suppliers CT Bakery and DC Donut Bakery, alongside shareholder loans to Andrew Sendel, Elizabeth Sendel, Parkway Capital, J & D Technological and Max Sindall.