Ontario · CCAA
First Report of the Proposal Trustee
Court officer report · 2 March 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 filing6 verified
- cash on handnote: Described as 'as of the date of this report' the Company's cash balance · amount: 2400000 · currency: CAD · qualifier: approximately
- financial positionnote: Shareholders' Equity of $59,466 (000s) reconciles Total Liabilities & Shareholders' Equity to $82,813 (000s), matching Total Assets. Figures reported in $000s. · as at: 2024-01-31 · basis: unaudited, based on the Company's books and records · scope: entity - The Body Shop Canada Limited · currency: CAD · total assets: 82813000 · total liabilities: 23347000
- operational summaryThe Company commenced liquidation sales and disclaimed leases at 33 of its 105 stores to reduce costs, while its remaining 72 stores continue operating in the ordinary course as it explores strategic alternatives.
- professional feesnote: This is a forecast figure from the Cash Flow Forecast, not an actual incurred fee amount. · party: Restructuring Professionals (Company's legal counsel, and the Proposal Trustee and its legal counsel) · amount: 1531000 · period: 13-week Cash Flow Period (February 24, 2024 to May 24, 2024) · currency: CAD
- report date2 March 2024
- report noFirst Report