Enterprise deficit up to £96m
Liquidator’s report for Gibraltar court reveals that insolvency level is worse than originally thought.
Enterprise Insurance is suffering a deficit of £96m according to the liquidator's report to the Gibraltar courts.
Assessing the report, by Freddie White of Grant Thornton, at a hearing Justice Adrian Jack noted a large number of "uncertainties" and pointed out that the total deficit was £96.4m, reported the Gibraltar Chronicle.
According to the report the sum is almost four times greater than original estimates.
Investigation
The revelation follows the news that the Gibraltar Financial Services
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