Ontario · Interim receivership
First Report of the Proposal Trustee
Court officer report · 28 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 filing6 verified
- cash on handas at: 2026-05-24 · amount: 17804 · currency: CAD
- financial positionnote: Assets: approx. $6,170,000 current assets (cash and cash equivalents, accounts receivable, prepaid expenses and deposit and holdback receivable) and approx. $1,510,000 non-current assets (property, plant and equipment and amounts owing by related entities). Liabilities: approx. $15,200,000 current liabilities (accounts payable, current loan payables, accrued loan liabilities, vacation pay accrual and holdbacks payable) and approx. $8,600,000 non-current liabilities (long-term loan payables). · as at: 2026-05-23 · basis: Management estimate, unaudited · scope: entity - Assembly Corp. · currency: CAD · total assets: 7680000 · total liabilities: 23800000
- operational summaryAssembly continues to operate its construction business in the ordinary course, working through project delays and disputes, negotiating direct payment arrangements with customers and project creditors, and pursuing new financing while reducing staff levels.
- professional feesnote: This is a forecasted figure from the Amended and Extended Cash Flow Forecast, not an actual incurred amount stated by the report. · party: NOI Professional Fees (Proposal Trustee, Company counsel, Proposal Trustee's counsel) · amount: 452125 · period: May 25, 2026 to October 4, 2026 (forecast) · currency: CAD
- report date28 May 2026
- report noFirst Report