East West collapse: Administrator report shows £164.7m deficit

Twenty-pound notes

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: