East West collapse: Administrator report shows £164.7m deficit
The building guarantee specialist insurer was forced into administration in 2020.
Companies House documents have confirmed a deficit of £164.7m for bust insurer East West.
A statement of affairs published last week showed that the business went into liquidation with £46.2m in assets. However, it owed almost £211m to creditors with £210.3m due to insurance creditors leaving a deficiency of £164.7m.
Building guarantee expert East West was forced into administration in 2020 following a Court of Appeal ruling in 2019 which meant that the provider would struggle to meet its
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