Alberta · Receivership (court-appointed)
Receiver's First Report dated October 1, 2024
Court officer report · 1 October 2024
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 filing9 verified
- cash on handnote: Report states: Unimech - $159,591; Movin' Air - $22,344. Receiver intends to retain $109,591 (Unimech) and $11,059 (Movin' Air) after GST, subcontractor trusts and unpaid professional fees. The Agincourt estate is reported separately, with a net cash balance of $331,470 and an estimated $316,055 to be distributed to RBC. · as at: 2024-09-19 · amount: 159591 · currency: CAD · qualifier: Unimech estate balance; Movin' Air estate balance is $22,344 (combined $181,935)
- disbursementsnote: Combined total cash disbursements per the Estimated Interim SRD (Unimech $232,343; Movin' Air $187,152). Agincourt's separate Estimated Final SRD shows total cash disbursements of $92,217. · since: commencement of the receivership (Unimech and Movin' Air estates combined), through September 19, 2024 · amount: 419495 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: Total | 116,109 | 2,400 | 5,847 · amount: 5847 · fees: quote: Total | 116,109 · amount: 116109 · total: quote: Total | 116,109 | 2,400 | 5,847 | 124,356 · amount: 124356 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total | 116,109 | 2,400 · amount: 2400 · period: kind: cumulative · quote: Billed to date · approval: state: unstated · averages: · currency: · invoices: tax: 1118 · date: 2022-11-01 · fees: 22367 · quote: 1-Nov-22 | 31-Oct-22 | LABS-3419 | 22,367 | - | 1,118 | 23,485 · total: 23485 · period end: 2022-10-31; tax: 691 · date: 2022-12-01 · fees: 12990 · quote: 1-Dec-22 | 30-Nov-22 | LABS-3434 | 12,990 | 1,687 | 691 | 15,369 · total: 15369 · period end: 2022-11-30 · disbursements: 1687; tax: 192 · date: 2023-01-01 · fees: 3839 · quote: 1-Jan-23 | 31-Dec-22 | LABS-3451 | 3,839 | 712 | 192 | 4,743 · total: 4743 · period end: 2022-12-31 · disbursements: 712; tax: 341 · date: 2023-02-01 · fees: 6817 · quote: 1-Feb-23 | 28-Feb-23 | LABS-3505 | 6,817 | - | 341 | 7,158 · total: 7158 · period end: 2023-02-28; tax: 303 · date: 2023-03-01 · fees: 6062 · quote: 1-Mar-23 | 31-Mar-23 | LABS-3511 | 6,062 | - | 303 | 6,365 · total: 6365 · period end: 2023-03-31; tax: 225 · date: 2023-04-01 · fees: 4502 · quote: 1-Apr-23 | 30-Apr-23 | LABS-3537 | 4,502 | - | 225 | 4,727 · total: 4727 · period end: 2023-04-30; tax: 306 · date: 2023-05-01 · fees: 6128 · quote: 1-May-23 | 31-May-23 | LABS-3568 | 6,128 | - | 306 | 6,435 · total: 6435 · period end: 2023-05-31; tax: 191 · date: 2023-06-01 · fees: 3815 · quote: 1-Jun-23 | 30-Jun-23 | LABS-3589 | 3,815 | - | 191 | 4,005 · total: 4005 · period end: 2023-06-30; tax: 316 · date: 2023-08-11 · fees: 6328 · quote: 11-Aug-23 | 31-Jul-23 | LABS-3602 | 6,328 | - | 316 | 6,644 · total: 6644 · period end: 2023-07-31; tax: 560 · date: 2023-10-25 · fees: 11204 · quote: 25-Oct-23 | 30-Sep-23 | LABU-4 | 11,204 | - | 560 | 11,764 · total: 11764 · period end: 2023-09-30; tax: 240 · date: 2023-12-31 · fees: 4794 · quote: 31-Dec-23 | 31-Dec-23 | LABU- 75 | 4,794 | - | 240 | 5,033 · total: 5033 · period end: 2023-12-31; tax: 223 · date: 2024-02-15 · fees: 4465 · quote: 15-Feb-24 | 31-Jan-24 | LABU-100 | 4,465 | - | 223 | 4,688 · total: 4688 · period end: 2024-01-31; tax: 352 · date: 2024-02-29 · fees: 7037 · quote: 29-Feb-24 | 29-Feb-24 | LABU-118 | 7,037 | - | 352 | 7,389 · total: 7389 · period end: 2024-02-29; tax: 79 · date: 2024-03-31 · fees: 1585 · quote: 31-Mar-24 | 31-Mar-24 | LABU-138 | 1,585 | - | 79 | 1,665 · total: 1665 · period end: 2024-03-31; tax: 151 · date: 2024-05-01 · fees: 3022 · quote: 1-May-24 | 30-Apr-24 | LABU-175 | 3,022 | - | 151 | 3,173 · total: 3173 · period end: 2024-04-30; tax: 558 · date: 2024-09-01 · fees: 11156 · quote: 1-Sep-24 | 31-Aug-24 | LABU-292 | 11,156 | - | 558 | 11,714 · total: 11714 · period end: 2024-08-31 · firm text: Grant Thornton Limited · firm quote: Grant Thornton Limited · context quote: granted an order (the " Receivership Order ") appointing Grant Thornton Limited (" GTL ") as the receiver; form: invoice_listing · rows: · money: approximate: false · period: kind: cumulative · quote: Billed to date · approval: state: unstated · averages: · currency: · invoices: tax: 1021 · date: 2022-11-01 · fees: 20425 · quote: 1-Nov-22 | 31-Oct-22 | LABS-3417 | 20,425 | - | 1,021 | 21,446 · total: 21446 · period end: 2022-10-31; tax: 731 · date: 2022-12-01 · fees: 14603 · quote: 1-Dec-22 | 30-Nov-22 | LABS-3435 | 14,603 | 289 | 731 | 15,622 · total: 15622 · period end: 2022-11-30 · disbursements: 289; tax: 119 · date: 2023-01-01 · fees: 2378 · quote: 1-Jan-23 | 31-Dec-22 | LABS-3450 | 2,378 | 607 | 119 | 3,104 · total: 3104 · period end: 2022-12-31 · disbursements: 607; tax: 364 · date: 2023-03-01 · fees: 7280 · quote: 1-Mar-23 | 28-Feb-23 | LABS-3501 | 7,280 | - | 364 | 7,644 · total: 7644 · period end: 2023-02-28; tax: 385 · date: 2023-04-01 · fees: 7690 · quote: 1-Apr-23 | 31-Mar-23 | LABS-3512 | 7,690 | - | 385 | 8,075 · total: 8075 · period end: 2023-03-31; tax: 264 · date: 2023-05-01 · fees: 5285 · quote: 1-May-23 | 30-Apr-23 | LABS-3538 | 5,285 | - | 264 | 5,550 · total: 5550 · period end: 2023-04-30; tax: 248 · date: 2023-06-01 · fees: 4957 · quote: 1-Jun-23 | 31-May-23 | LABS-3570 | 4,957 | - | 248 | 5,205 · total: 5205 · period end: 2023-05-31; tax: 199 · date: 2023-08-11 · fees: 3986 · quote: 11-Aug-23 | 31-Jul-23 | LABS-3603 | 3,986 | - | 199 | 4,185 · total: 4185 · period end: 2023-07-31; tax: 398 · date: 2023-10-25 · fees: 7950 · quote: 25-Oct-23 | 30-Sep-23 | LABU-3 | 7,950 | - | 398 | 8,348 · total: 8348 · period end: 2023-09-30; tax: 168 · date: 2023-12-31 · fees: 3352 · quote: 31-Dec-23 | 31-Dec-23 | LABU- 74 | 3,352 | - | 168 | 3,519 · total: 3519 · period end: 2023-12-31; tax: 116 · date: 2024-02-15 · fees: 2317 · quote: 15-Feb-24 | 31-Jan-24 | LABU-99 | 2,317 | - | 116 | 2,433 · total: 2433 · period end: 2024-01-31 · firm text: Grant Thornton Limited · firm quote: Grant Thornton Limited · context quote: granted an order (the " Receivership Order ") appointing Grant Thornton Limited (" GTL ") as the receiver; form: prose · rows: · money: tax: label: GST · quote: plus GST of $7,137 · amount: 7137 · fees: quote: BD&P's fees for November 1, 2022, to August 31, 2024, for the Estates of Unimech, Movin' Air and Agincourt are $140,482 · amount: 140482 · total: quote: for a total of $150,457 · amount: 150457 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: plus disbursements of $2,838 · amount: 2838 · period: end: 2024-08-31 · kind: cumulative · quote: BD&P's fees for November 1, 2022, to August 31, 2024 · start: 2022-11-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: Burnet Duckworth & Palmer LLP · firm quote: Burnet Duckworth & Palmer LLP · context quote: BD&P's fees for November 1, 2022, to August 31, 2024, for the Estates of Unimech, Movin' Air and Agincourt are $140,482 plus disbursements of $2,838 plus GST of $7,137 for a total of $150,457.
- operational summaryThe debtors' operations ceased before the receivership: employees were terminated and the physical assets sold at auction. The Receiver has since concluded accounts receivable collection (except the bond claims against Northbridge, now in litigation) and sold the Agincourt property, and is distributing proceeds.
- professional feesnote: Total of $140,482 fees plus $2,838 disbursements plus $7,137 GST, as stated. The Receiver's own fees for Oct 1, 2022 to Aug 31, 2024, each including disbursements and GST: Unimech $124,356; Movin' Air $93,156; Agincourt $54,168. These total $271,680 (not stated as a single figure in the report). · party: Burnet Duckworth & Palmer LLP (BD&P), counsel to the Receiver, for the Unimech, Movin' Air and Agincourt estates combined · amount: 150457 · period: 2022-11-01 to 2024-08-31 · currency: CAD
- receipts cumulativenote: Combined total cash receipts per the Estimated Interim SRD (Unimech $391,935; Movin' Air $209,496; the appendix's combined total is $593,418 as stated). Agincourt's separate Estimated Final SRD shows total cash receipts of $423,687. · since: commencement of the receivership (Unimech and Movin' Air estates combined), through September 19, 2024 · amount: 593418 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: | Estimated Final Distribution to Secured Creditor (RBC) | 316,055 | · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 316055 · amount high: 316055 · class label: Secured Creditor (RBC) · creditor name: RBC · interim final: final · claims qualifier: unstated · stated on: 2024-10-01 · table missing:
- report date1 October 2024
- report noFirst Report