The affairs, business and property of Walden School are being managed by Alistair Wardell and Eddie Williams of Grant Thornton UK LLP who were appointed joint administrators on 17 July 2017.
Disposal of land at Walden School, Mount Pleasant Road, Saffron Walden, Essex, CB11 3EB
In accordance with SECTION 121 OF THE CHARITIES ACT 2011, the BOARD of WALDEN SCHOOL (Charity No 1000981) (Company No 2527067)
HEREBY GIVES NOTICE of its intention to sell the whole or part of the freehold property known as Walden School, Mount Pleasant Rd, Saffron Walden and being registered under title number EX763963.
REASON FOR SALE AND USE OF PROCEEDS
Like many independent schools across the country, especially smaller ones, Walden School has found conditions to be extremely challenging over recent years due to a highly competitive local market. This has been compounded by the recent economic downturn resulting in a continued decline in pupil numbers.
Having taken appropriate financial, business and legal advice, it is clear that the school in its current form cannot operate for the full academic year (2017 – 2018).
The Board are considering a disposal of the land with the aim of continuing its use for education.
On behalf of the governors of Walden School
Dated: 20 June 2017