Alberta · Receivership (court-appointed)
Receiver's Sixth Report dated August 31, 2026
Court officer report · 31 August 2026
What we verified from this filing12 verified
- secured creditorsnote: No specific pre-filing balance stated in these pages; receiver refers to it as 'first-ranking secured creditor/claim'; RBC is successor to HSBC per para 20 and 32(c) · page: 8 · debtor: Concept Electric Ltd., 1645943 Alberta Inc., 101200672 Saskatchewan Ltd. · creditor: HSBC Bank Canada (succeeded by RBC) · currency: CAD · security: First-ranking secured claim; applicant in receivership proceeding under s.243 BIA
- unsecured creditorsnote: Trust claim held back for settlement/distribution · page: 9 · basis: Union Association Trust Claim - owed union dues, as reported by Receiver · amount: 8555.82 · debtor: Companies (Concept Electric Ltd. et al.) · creditor: United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry of the United States and Canada, Local Union 488 · currency: CAD
- unsecured creditorsnote: Trust claim held back for settlement/distribution · page: 9 · basis: Union Association Trust Claim - owed pension remittances, as reported by Receiver · amount: 41865.46 · debtor: Companies (Concept Electric Ltd. et al.) · creditor: Alberta Refrigeration Industry Pension Trust Fund · currency: CAD
- unsecured creditorsnote: Deemed trust class; Concept $488,367.85 and 101 Sask $172,582.10; already remitted, not part of remaining distributable funds · page: 10 · as of: 2024-02-14 · basis: Receiver's report - Payroll Deemed Trust Claims remitted to CRA · amount: 660949.95 · debtor: Concept Electric Ltd. and 101200672 Saskatchewan Ltd. · creditor: Canada Revenue Agency (Source Deductions Deemed Trust) · currency: CAD
- unsecured creditorsnote: Preferred/priority claim under s.81.4 BIA (wage earner protection); already paid, not part of remaining funds · page: 15 · basis: Receiver's Statement of Receipts and Disbursements - payments to creditors · amount: 619822 · debtor: Concept Electric Ltd. · creditor: WEPPA Priority Claim recipients (s. 81.4 BIA) · currency: CAD
- cash on handnote: Concept - $231,290; and 101 Sask - $2,605 · as at: 2026-08-31 · amount: 233895 · currency: CAD · qualifier: in excess of
- disbursementsnote: Total disbursements over the course of the receivership per Final R&D, excluding payments to creditors, for all Companies combined. · since: July 16, 2018 (Receivership Order date) · amount: 1869787 · currency: CAD
- operational summaryThe receivership is substantially complete, with all asset sales finalized and the Fabricom litigation settled; the Receiver is now seeking approval of a final distribution and its own discharge.
- professional feesnote: Includes applicable taxes; broken down as $36,199.42 for the Receiver, $13,263.92 for Bennett Jones, and $15,124.99 for GFS. · party: Receiver, Bennett Jones LLP, and Goodfellow & Schuett Law (combined) · amount: 64588.33 · period: April 17, 2024 to August 31, 2026 · currency: CAD
- receipts cumulativenote: Total receipts over the course of the receivership per Final R&D, for all Companies combined. · since: July 16, 2018 (Receivership Order date) · amount: 5430439 · currency: CAD
- report date31 August 2026
- report noSixth Report