Alberta · Receivership (court-appointed)
SRAD Retail Inc - 245 246 Notice
Notice of receiver (s. 245 / Form 87) · 12 May 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- financial positionnote: Inventory, Equipment, Land and Building, and Total property values all listed as 'To be determined'; Receiver states financial information was not provided by the principal and cautions that the figures 'may not be inaccurate' (i.e., reliability unconfirmed). Secured creditors' total owed as reported is $4,610,156 (see secured_creditors), but this does not equate to a total liabilities figure for the Company. · page: 1 · as at: 2025-05-01 · basis: Receiver's estimate pending information from principal; not yet determined · scope: SRAD Retail Ltd. (entity level) · currency: CAD
- secured creditorsnote: Amount listed as 'To be determined'; Receiver unable to obtain Company's accounting records. Likely deemed-trust class claim (CRA). · page: 2 · as of: date of the Receivership · debtor: SRAD Retail Ltd. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Approximate amount owed per Receiver's Notice; complete creditor list not yet available. · page: 2 · as of: date of the Receivership · amount: 3835230 · debtor: SRAD Retail Ltd. · creditor: Connect First and Servus Credit Union Ltd. · currency: CAD · security: Holds security on the property of SRAD; nature of security instrument not specified
- secured creditorsnote: Approximate amount owed per Receiver's Notice. · page: 2 · as of: date of the Receivership · amount: 68000 · debtor: SRAD Retail Ltd. · creditor: Shell Canada Limited · currency: CAD · security: Holds security on the property of SRAD; nature of security instrument not specified
- secured creditorsnote: Approximate amount owed per Receiver's Notice. · page: 2 · as of: date of the Receivership · amount: 774926 · debtor: SRAD Retail Ltd. · creditor: Northern Lights · currency: CAD · security: Construction lien