Ontario · NOI
First Report of the Proposal Trustee dated November 9, 2023
Court officer report · 9 November 2023
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What we verified from this filing4 verified
- financial positionnote: Shareholders' Equity: $(1,343,000); Total liabilities and shareholders' equity: $25,066,000. Components: Accounts receivable $5,411,000; Inventory $10,691,000; Receivable from parent company $1,476,000; Furniture, fixtures and equipment $2,274,000; Goodwill $3,305,000; Other assets $1,909,000; Operating line $4,000,000; Accounts payable and accrued liabilities $15,392,000; Customer deposits $4,544,000; Leasehold improvements $2,473,000. · as at: 2023-09-30 · basis: preliminary unaudited financial position · scope: Bad Boy Furniture Warehouse Limited (entity level) · currency: CAD · total assets: 25066000 · total liabilities: 26409000
- operational summaryThe Company continues to operate its 12 retail stores and Builder Business while facing supply shortages and significant vendor arrears, and is considering a liquidation sale of certain or all stores to wind down inefficient portions of its business in an orderly manner.
- report date9 November 2023
- report noFirst Report