British Columbia · NOI
Proposal Trustee's First Report to Court dated May 6, 2025
Court officer report · 6 May 2025
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 filing5 verified
- cash on handnote: Company relied on an operating line of credit, drawn approx. $47K as at the Filing Date. · as at: 2025-03-31 · amount: 0 · currency: CAD
- financial positionnote: Asset total is net book value as at March 31, 2025 (cash NIL; trade A/R 365,408; holdbacks 103,694; WIP 165,805; deposits 320,192; fixed assets 7,069,315). Liabilities are stated by component only, not as a total: CRA employee source deductions approx. $2.75M; secured creditors approx. $5,940,343; unsecured approx. $3.5M (approx. 73 parties); no unpaid employee wages or vacation pay at the Filing Date. Fixed asset NBV was stated as at the Filing Date in para 25. The Company had drawn approx. $47K on its operating line as at the Filing Date. · as at: 2025-03-31 · basis: Preliminary, unaudited, based on the Company's books and records and information from Management; net book value; subject to change; Proposal Trustee has not conducted a detailed assessment · scope: Antler Creek Contracting Ltd. (single entity) · currency: CAD · total assets: 8024414
- operational summaryThe Company is a logging contractor in northwest BC currently employing 37 full-time staff and continuing to operate under NOI protection, dependent on proposed interim financing to fund operations and restructuring.
- report date6 May 2025
- report noFirst Report