Alberta · Receivership (court-appointed)
Receiver's Second Report to Court
Court officer report · 10 February 2025
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What we verified from this filing11 verified
- cash on handnote: Figure represents the excess of cumulative receipts over disbursements per the Receiver's Interim Statement of Receipts and Disbursements for the period February 13, 2024 to December 31, 2024, not an explicit 'cash on hand' statement. · as at: 2024-12-31 · amount: 276087.68 · currency: CAD · qualifier: excess of receipts over disbursements
- disbursementsnote: Cumulative total disbursements for the period February 13, 2024 to December 31, 2024 per the Interim Statement of Receipts and Disbursements. · since: February 13, 2024 · amount: 1093793.26 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: TAX · quote: 5,906.68 $ · amount: 5906.68 · fees: quote: 117,724.50 $ · amount: 117724.5 · total: quote: 124,205.89 $ · amount: 124205.89 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 574.71 $ · amount: 574.71 · period: kind: unstated · approval: state: unstated · averages: · currency: · invoices: tax: 1315.6 · date: 2024-03-31 · fees: 26168.5 · quote: Miller Thomson LLP | 31-Mar-24 | 3993421 | 26,168.50 | 189.30 | 1,315.60 | 27,673.40 · total: 27673.4 · disbursements: 189.3; tax: 2732.5 · date: 2024-08-31 · fees: 54411.5 · quote: Miller Thomson LLP | 31-Aug-24 | 4039081 | 54,411.50 | 358.41 | 2,732.50 | 57,502.41 · total: 57502.41 · disbursements: 358.41; tax: 1858.58 · date: 2024-12-31 · fees: 37144.5 · quote: Miller Thomson LLP | 31-Dec-24 | 4091042 | 37,144.50 | 27.00 | 1,858.58 | 39,030.08 · total: 39030.08 · disbursements: 27 · firm text: Miller Thomson LLP · firm quote: Solicitors for the Receiver, MNP Ltd. · context quote: SUMMARY OF RECEIVER'S LEGAL FEES
- operational summaryThe Receiver has taken over day-to-day management of the Wash Factory truck wash following the departure of its managers, addressing deferred maintenance and operational issues, while running a public sales process that resulted in acceptance of a new offer from the Klair Group, subject to court approval.
- professional feesnote: Inclusive of GST; separately, fees and disbursements of the Receiver's counsel (Miller Thomson LLP) totaled $128,226.34 as of December 31, 2024. · party: Receiver (MNP Ltd.) · amount: 232564.2 · period: as of January 15, 2025 · currency: CAD
- purchaserKlair Group; Second Klair Group
- receipts cumulativenote: Cumulative total receipts for the period February 13, 2024 to December 31, 2024 per the Interim Statement of Receipts and Disbursements. · since: February 13, 2024 · amount: 1369880.94 · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Payment to the Canada Revenue Agency for Deemed Trust Claim amounts for payroll source deductions of $2,737.11 and GST of $23,489.43; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 2737.11 · amount high: 2737.11 · class label: Canada Revenue Agency - Deemed Trust Claim (payroll source deductions) · claims amount: 2737.11 · creditor name: Canada Revenue Agency · interim final: unstated · conditional on: In the event that the Court authorizes the Receiver to accept the Second Klair Group Offer and the transaction is completed · claims qualifier: asserted; basis: unstated · quote: Payment to the Canada Revenue Agency for Deemed Trust Claim amounts for payroll source deductions of $2,737.11 and GST of $23,489.43; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 23489.43 · amount high: 23489.43 · class label: Canada Revenue Agency - Deemed Trust Claim (GST) · claims amount: 23489.43 · creditor name: Canada Revenue Agency · interim final: unstated · conditional on: In the event that the Court authorizes the Receiver to accept the Second Klair Group Offer and the transaction is completed · claims qualifier: asserted; basis: unstated · quote: Payment to BMO of $5.0 million. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 5000000 · amount high: 5000000 · class label: BMO · creditor name: BMO · interim final: unstated · conditional on: In the event that the Court authorizes the Receiver to accept the Second Klair Group Offer and the transaction is completed · claims qualifier: unstated · stated on: 2025-02-10 · table missing:
- report date10 February 2025
- report noSecond Report
- sale outcometext: Receiver has accepted the Second Klair Group Offer, subject to Court approval · scope: whole_business · status: pending_approval