British Columbia · CCAA
First Report of the Monitor
Court officer report · 3 December 2025
What we verified from this filing9 verified
- secured creditorsnote: Related party - James Holdings is 75% shareholder of GP and beneficial equity holder; loan sourced from Portage and Argo · page: 8 · as of: 2025-11-25 · amount: 12500000 · debtor: Jameson Broadway & Birch Limited Partnership (Petitioners) · creditor: James Holdings Ltd. · currency: CAD · security: JHL Credit Facility; $9 million principal plus $3.5 million accrued interest and other amounts
- secured creditorsnote: Approximate amount owing per books and records as of Nov 25, 2025; incumbent senior secured lender; James Holdings and certain individuals are covenantors jointly and severally liable · page: 9 · as of: 2025-11-25 · amount: 156500000 · debtor: Jameson Broadway & Birch Limited Partnership (Petitioners) · creditor: British Columbia Housing Management Commission (BC Housing) · currency: CAD · security: Callable long-term debt; BC Housing Credit Facility, demand non-revolving credit facility up to maximum principal of $164,227,655 (commitment letter dated November 8, 2022)
- unsecured creditorsnote: Aggregate approximate amount outstanding to third party creditors, including Metro-Can; document names Metro-Can individually elsewhere (see lien/secured entry) but this aggregate reflects unsecured trade payables per books and records; includes accounts payable and accrued liabilities of $7.6 million and other amounts per balance sheet · page: 9 · as of: 2025-11-25 · basis: Per Petitioner's books and records as of November 25, 2025 · amount: 16100000 · debtor: Jameson Broadway & Birch Limited Partnership (Petitioners) · creditor: Various third-party trade creditors (including Metro-Can pre-filing invoices) · currency: CAD
- financial positionnote: Total liabilities & partner's capital of $188,241,000 includes partners' capital of $3,128,000. Balance sheet includes: accounts payable and accrued liabilities $7,631,000; holdback retained (payable) $8,021,000; JHL Credit Facility $12,560,000; due to related parties $439,000; callable long-term debt (BC Housing Credit Facility advances) $156,461,000. · page: 10 · as at: 2025-11-25 · basis: Book value, unaudited, prepared by Management ($000's CAD) · scope: Jameson Broadway & Birch Limited Partnership (Petitioners, consolidated) · currency: CAD · total assets: 188241000 · total liabilities: 185113000
- unsecured creditorsnote: Related party payable; Gatland is 25% shareholder of GP, Jameson Corp is related party that conceptualized the Development · page: 10 · as of: 2025-11-25 · basis: Book value balance sheet as of November 25, 2025 (Due to related parties) · amount: 439000 · debtor: Jameson Broadway & Birch Limited Partnership (Petitioners) · creditor: Related parties (Gatland and Jameson Corp) · currency: CAD
- secured creditorsnote: Lien understood by Monitor to be subsumed by Metro-Can lien CB2436677 · page: 11 · as of: 2025-12-02 · amount: 151000 · debtor: Jameson Broadway & Birch Limited Partnership (Petitioners) · creditor: Lane Construction Services Ltd. · currency: CAD · security: Builders lien registration CB2492984 for labour, materials and equipment for concrete framework
- secured creditorsnote: Lien registered as of December 2, 2025; other liens (Ozz Electric, Midland Appliance, Lane Construction) understood to be subsumed by this lien · page: 11 · as of: 2025-12-02 · amount: 15900000 · debtor: Jameson Broadway & Birch Limited Partnership (Petitioners) · creditor: Metro-Can Construction (BB) Ltd. · currency: CAD · security: Builders lien registration CB2436677 for general contracting services
- secured creditorsnote: Lien understood by Monitor to be subsumed by Metro-Can lien CB2436677 · page: 11 · as of: 2025-12-02 · amount: 1500000 · debtor: Jameson Broadway & Birch Limited Partnership (Petitioners) · creditor: Ozz Electric BC Inc. · currency: CAD · security: Builders lien registration CB2435658 for labour, equipment, tools and consumables related to electrical work
- secured creditorsnote: Lien understood by Monitor to be subsumed by Metro-Can lien CB2436677 · page: 11 · as of: 2025-12-02 · amount: 539000 · debtor: Jameson Broadway & Birch Limited Partnership (Petitioners) · creditor: Midland Appliance Ltd. · currency: CAD · security: Builders lien registration CB2487618 for supply of various appliances