National Structures Inc. 20211

National Structures (2011) Inc. was place into Receivership on December 16, 2021 on application filed by the Royal Bank of Canada. The Company’s principal business activity was construction, specializing in bridge construction with annual sales of approximately $11 million dollars.  During 2021, the Company and the Royal Bank of Canada entered into a forbearance agreement that eventually failed once RBC became aware of unremitted employee source deductions and HST in excess of $1 million dollars. The RBC indebtedness is approximately $700,000 and is the first ranking secured creditor over all assets of the Company.