Alberta · Interim receivership
Interim Receiver's First Report
Court officer report · 8 January 2026
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What we verified from this filing8 verified
- secured creditorsnote: Deemed trust claim (source deductions, interest and penalties); balance per screenshot of CRA My Business Account provided Jan 2, 2026. Management earlier advised approx. $600,000 in source deductions plus approx. $300,000 in interest/penalties (prose estimate, superseded by dated figure). Breakdown between source deductions/interest/penalties and quantum of deemed trust claim not confirmed. Payment arrangement: $100,000/month commencing Jan 15, 2026. · page: 9 · as of: 2026-01-02 · amount: 1098051.24 · debtor: Excalibur Mechanical Ltd. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Per Second Affidavit of Ashton Boisselle (sworn Dec 29, 2025). ATB is the applicant that obtained the Interim Receivership Order; specific security instruments not described on these pages. Receiver notes this figure differs from Management's borrowings list (balance sheet dated Dec 31, 2025) and states additional investigation is required to reconcile. · page: 9 · as of: 2025-12-29 · amount: 135463.16 · debtor: Excalibur Mechanical Ltd. · creditor: ATB Financial · currency: CAD · security: Overdrawn deposit account
- secured creditorsnote: Per Second Affidavit of Ashton Boisselle (Dec 29, 2025); Company's balance sheet (Dec 31, 2025) reported this facility at $220,997.57 - Receiver flags unreconciled discrepancy requiring further inquiry. · page: 9 · as of: 2025-12-29 · amount: 316682.8 · debtor: Excalibur Mechanical Ltd. · creditor: ATB Financial · currency: CAD · security: Revolving line of credit
- secured creditorsnote: Per Second Affidavit of Ashton Boisselle (Dec 29, 2025); Company's balance sheet (Dec 31, 2025) reported a corresponding HASCAP loan at $145,118.13 - Receiver flags unreconciled discrepancy requiring further inquiry. · page: 9 · as of: 2025-12-29 · amount: 176682.8 · debtor: Excalibur Mechanical Ltd. · creditor: ATB Financial · currency: CAD · security: HASCAP term loan
- secured creditorsnote: Per Second Affidavit of Ashton Boisselle (Dec 29, 2025); Company's balance sheet (Dec 31, 2025) reported a corresponding HASCAP loan at $486,192.20 - Receiver flags unreconciled discrepancy requiring further inquiry. · page: 9 · as of: 2025-12-29 · amount: 550059.72 · debtor: Excalibur Mechanical Ltd. · creditor: ATB Financial · currency: CAD · security: HASCAP term loan
- secured creditorsnote: Per Second Affidavit of Ashton Boisselle (Dec 29, 2025); not separately identified on Company's borrowings list dated Dec 31, 2025 - Receiver flags unreconciled discrepancy. · page: 9 · as of: 2025-12-29 · amount: 106083.2 · debtor: Excalibur Mechanical Ltd. · creditor: ATB Financial · currency: CAD · security: Commercial term loan
- secured creditorsnote: Per Second Affidavit of Ashton Boisselle (Dec 29, 2025); not separately identified on Company's borrowings list dated Dec 31, 2025 - Receiver flags unreconciled discrepancy. · page: 9 · as of: 2025-12-29 · amount: 59954.31 · debtor: Excalibur Mechanical Ltd. · creditor: ATB Financial · currency: CAD · security: Mastercard
- secured creditorsnote: Comprises vehicle and equipment leases and related financing arrangements; per Company's balance sheet dated Dec 31, 2025, stated to be secured by the related leased or financed equipment. · page: 9 · as of: 2025-12-31 · amount: 1411725.33 · debtor: Excalibur Mechanical Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Related leased or financed vehicle and equipment