Allen-Vanguard put into receivership with US$80.3 million owed to Contego lenders

Allen-Vanguard Corporation and UK subsidiary Allen-Vanguard Ltd. were placed into receivership on September 1, 2026, on application by senior secured lenders Contego AV Funding II, LLC and Contego AV Funding II-A, LLC, after years of declining sales left the defence technology group unable to repay approximately US$80.3 million of secured debt. The Ottawa-based group provides radio-frequency…