8-K

                                   UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K


                                  CURRENT REPORT
    Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934



Date of Report (Date of earliest event reported): April 13,2005
                                                  --------------------



                         CANTERBURY CONSULTING GROUP, INC.
                        ---------------------------------
             (Exact name of registrant as specified in its charter)



Pennsylvania                        0-15588                   23-2170505
- ------------                   ----------------        ----------------------
State or other jurisdiction    (Commission                (IRS Employer
of incorporation)               File Number)              Identification No.)



352 Stokes Road, Suite 200,  Medford, New Jersey                 08055
- -------------------------------------------------------------------------
(Address of principal executive offices)                     (Zip Code)

Registrant's telephone number, including area code:  (609) 953-0044
                                                   -------------------


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities
    Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
    Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))
















Item 1.02	Termination of a Material Definitive Agreement

     On April 13, 2005 Canterbury paid $552,000 to Commerce Bank in full
settlement of its obligations to the Bank in compliance with its loan
agreement.  With that payment made, Canterbury's borrowing relationship with
Commerce Bank has terminated.

     Canterbury obtained the funds that it paid to Commerce Bank from Landscape
Companies, Inc. which had been indebted to Canterbury pursuant to an $860,000
demand note and a $2,410,000 partially-amortizing note that called for a
$1,961,000 balloon payment in December 2006.  Canterbury agreed to cancel those
debts in exchange for a cash payment by Landscape Companies, Inc. of $800,000
and delivery of an eight year promissory note in the principal amount of
$2,470,000.  The new note provides for straight-line amortization.  Stanton
Pikus and Kevin McAndrew, the Chairman and President of Canterbury
respectively, together own 44% of the equity in Landscape Companies, Inc.



Item 9.01	Exhibits

99.	Press Release dated April 18, 2005.


                             SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                         CANTERBURY CONSULTING GROUP, INC.

                                         BY: /s/ Kevin J. McAndrew
                                         ----------------------------
                                         Kevin J. McAndrew, President

Dated: April 18, 2005

EX-99

Canterbury Consulting Group, Inc.                           352 Stokes Road
                                                                  Suite 200
                                                 Medford, New Jersey  08055
                                        (609) 953-0044 * FAX (609) 953-0062


                         For Immediate Release

           CANTERBURY AND ITS BANK TERMINATE LENDING RELATIONSHIP

Medford, NJ - April 18, 2005

Canterbury Consulting Group, Inc. (CITI) reported today that on April 13, 2005
Canterbury paid $552,000 to Commerce Bank in full settlement of its obligations
to the Bank in compliance with its loan agreement.  With that payment made,
Canterbury's borrowing relationship with Commerce Bank has terminated.

Canterbury obtained the funds that it paid to Commerce Bank from Landscape
Companies, Inc. which had been indebted to Canterbury pursuant to a demand note
and a partially-amortizing note that totaled $3,270,000.  Canterbury agreed to
cancel those debts in exchange for a cash payment by Landscape Companies, Inc.
of $800,000 and delivery of an eight year promissory note in the principal
amount of $2,470,000.  The new note provides for straight-line amortization.
The Chairman and President of Canterbury together own 44% of the equity in
Landscape Companies, Inc.

Canterbury has filed a Form 8-K with the Securities and Exchange Commission
relating to this event.  This filing may be accessed in its entirety on the
internet at www.sec.gov or by contacting the Company.

                               *  *  *  *  *


This press release contains forward-looking statements. The Company's
performance and financial results could differ materially from those reflected
in the forward-looking statements due to general financial, economic, regulatory
and political conditions or additional factors unknown to the Company at this
time, as well as more specific risks and uncertainties such as those set forth
in documents filed by the Company with the SEC (including its Annual Report on
Form 10-K for the year ended November 30, 2003 and its most recent reports on
Form 8-K and Form 10-Q, copies of which are available upon request or over the
Internet at www.sec.gov). Given these risks and uncertainties, any or all of
these forward-looking statements may prove to be incorrect. Therefore, current
or prospective investors are cautioned not to place undue reliance on any such
forward-looking statements. Furthermore, the Company has no intent, and
disclaims any obligation, to update any such factors or forward-looking
statements to reflect future events or developments.


Darcy Teibel, Investor Relations
Canterbury Consulting Group, Inc., 609-953-0044