British Columbia · Receivership (court-appointed)
Receiver's First Report
Court officer report · 9 June 2026
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 filing4 verified
- financial positionnote: Two as-at dates: April 24, 2026 column (assets $9,465,128; liabilities $1,783,220) and Dec 31, 2025 column (assets $42,085,675; liabilities $31,954,051). Totals are as stated in the report's combined table. Investment in PFR Autogroup Inc. shown as 'Unknown'. · basis: Unaudited financial information, books and records prepared by the Debtors; not audited or verified by the Receiver · scope: Combined summary of the Debtors: Black Bandit, Evo Tunes and KPD (with Heavin) as of April 24, 2026, and Evo 347, Evo Industrial and Heavin as of Dec 31, 2025; investment in PFR Autogroup Inc. is listed as 'Unknown' · currency: CAD · total assets: 51550803 · total liabilities: 33737271
- operational summaryThe Receiver determined the business was not viable as a going concern, terminated all 48 employees, and is pursuing a liquidation of the Debtors' assets through a court-approved auction, a proposed sale of the shares of PFR, and realtor-assisted sales of the real property.
- report date9 June 2026
- report noFirst Receiver's Report