A college Administration

Quantuma lead a college Administration when Newlands College run into difficulties.

Overview:

  • Old established primary/secondary school
  • Taken over by parents following disputes with Trustees
  • Roll numbers suffered falling from 450 to 70 and parents were unable to continue funding


Investment:

  • Bank – £130K
  • HMRC – £500K


Outcomes:

  • HMRC petitioned
  • Application for Administration set out intended pre-pack to overseas multiple operator
  • Sale prevented disruption to studies and preserved teaching jobs

 

For more information on Administration, please click here