The Axe Houghton Group Inc has been in court-appointed receivership since 11 December 2014 in the Court of King's Bench of Manitoba, under BIA s. 243 and provincial Judicature Act jurisdiction, and remains active. Blanket all-property PPSA security dominates the related group. Royal Bank of Canada is registered against Arbaco Ltd., 6313281 Manitoba Ltd., Bentel Direct Limited Partnership, American Comfort Worldwide LLC and American Comfort Distribution Inc., with Axe Houghton's intercompany claims against those parties postponed and assigned to RBC under Guarantee and Postponement of Claim agreements dated 30 November 2009 and 23 August 2012. HSBC Bank Canada holds parallel registrations with similar postponements; Bank of Montreal is registered against the American Custom Rotomolding entities. Title 2551240/1 in Winnipeg, held by 6313281 Manitoba Ltd., carries a $2,500,000 Business Development Bank of Canada mortgage registered 2 September 2011 and a $250,000 Double A Ventures Ltd. mortgage registered 30 July 2012.
The officer filed report no. First Report. The Companies' operations have been wound down: employees were terminated, inventory and chattels were sold through private sales and a public auction, and the Winnipeg Warehouse remains listed for sale with only minimal maintenance activity ongoing; the Receiver continues to collect remaining receivables and pursue realizations.
The officer filed report no. First Report. The retail store operations have been discontinued due to minimal business, larger customers are reluctant to purchase inventory given inability to provide warranty/returns, and there is very little immediate cash flow being generated from the Debtors' ongoing businesses; the Interim Receiver has focused on locating and releasing imported inventory and maintaining employee payroll.
Source: Interim Receiver Report
The court appointed PricewaterhouseCoopers Inc. as interim receiver, on the application of ROYAL BANK OF CANADA. Court file CI 14-01-92753.
The court appointed PricewaterhouseCoopers Inc. as interim receiver, on the application of ROYAL BANK OF CANADA. Court file CI 14-01-92753.
Debtor
The Axe Houghton Group Inc
Receiver
PwC
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Business Development Bank of Canada · in 251 casesMortgage registered 2011/09/02 against title 2551240/1 (Winnipeg) — Original consideration/registered amount, not necessarily outstanding balance — debtor: 6313281 Manitoba Ltd. · as of 2 Sep 2011 | $2.5M | Affidavit of Andrew C. Holmes (Part 5) |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
4 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansRoyal Bank of Canada: shortfall.EstimatedNotice of Motion · 19 Oct 2015
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Securedplaintiff, a secured creditor with a paramount interest in all the defendants' assets, undertakings and properties | Royal Bank of Canada | — | shortfall | Estimatedper the receiver | Notice of Motion · 19 Oct 2015 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at ·
Cumulative receipts
$1.31M
As at 19 Oct 2015First Report of Receiver dated October 19, 2015
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
First Report of Receiver dated October 19, 2015
| PDF · Subscribers | |
Notice of Motion dated October 19, 2015
| PDF · Subscribers | |
Order (Appointing Receiver)
| PDF · Subscribers | |
| Supplementary Affidavit of Andrew C. Holmes | PDF · Subscribers | |
Interim Receiver Report
| PDF · Subscribers | |
Order (Interim Receiver After Notice)
| PDF · Subscribers | |
| Order (Sealing Order) | PDF · Subscribers | |
Notice of Motion
| PDF · Subscribers | |
Order (Appointing Interim Receiver)
| PDF · Subscribers | |
| Affidavit of Andrew C. Holmes (Part 1) | PDF · Subscribers | |
| Affidavit of Andrew C. Holmes (Part 2) | PDF · Subscribers | |
| Affidavit of Andrew C. Holmes (Part 3) | PDF · Subscribers | |
| Affidavit of Andrew C. Holmes (Part 4) | PDF · Subscribers | |
Affidavit of Andrew C. Holmes (Part 5)
| PDF · Subscribers | |
| Affidavit of Laura Leigh Buley | PDF · Subscribers | |
| Consent of PricewaterhouseCoopers | PDF · Subscribers | |
| Redacted Affidavit of B. Jeffrey Johnson | PDF · Subscribers | |
| Statement of Claim | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “The Axe Houghton Group Inc” (Receivership (court-appointed)), Court of King's Bench of Manitoba. Retrieved 5 November 2026, https://proceedings.ca/case/the-axe-houghton-group-inc
Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/the-axe-houghton-group-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.