Ontario · Receivership (court-appointed)
First Report of the Receiver dated May 21, 2026 (Part 1 of 2)
Court officer report · 21 May 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: Assets: Inventory 4,414,869; Fixed Assets 1,699,958; Accounts Receivable 750,618; Toryork Property Unknown (Receiver has not obtained Holding's financial statements). Auctioneers advised inventory realizable values would be significantly lower than the ~$4.4M book value, and accounts receivable are significantly aged with uncertain recoveries. Liabilities (per books as at the Receivership Date): secured 9,853,780 (RBC; other PPSA registrants unknown); potential priority claims 930,521; unsecured 3,115,503. · as at: 2026-03-16 · basis: Book values per the Debtors' books of account and unaudited internal financial statements generated on or around March 24, 2026; the Receiver notes amounts 'do not necessarily represent the realizable value of assets, which may differ materially from the book value.' · scope: Combined presentation for Onyxa Canada Inc. and Onyxa Holding Group Inc. (not a formal consolidation); Holding's Toryork Property is carried as 'Unknown'. · currency: CAD · total assets: 6865445 · total liabilities: 13899805
- operational summaryOnyxa Canada ceased operating before the receivership (all employees terminated, no customer contracts or work orders), and the Receiver is conducting an orderly liquidation of its inventory and other assets rather than a going-concern sale, while marketing the Toryork Property for sale through Avison Young. Holding is non-operating, and the Receiver continues to investigate Ikonyx's claims to inventory and the missing leased vehicles.
- report date21 May 2026
- report noFirst Report