Sale expected ‘very soon’ for Walden School
PUBLISHED: 09:15 18 April 2018 | UPDATED: 09:16 18 April 2018
The administrators for Walden School, formerly called Friends School in Saffron Walden which closed last year, say they hope a new buyer will complete on the sale very soon.
However, they have not disclosed who the prospective purchaser is and what they are planning to do with the site.
The school closed in July leaving staff, parents and suppliers in the town owed a total of £3.5million in unpaid bills and wages and with parents having paid fees in advance.
Parents had also ordered school uniform through the school and paid for it. The money was not passed on to the uniform suppliers.
In November, Savills estate agents acting for administration firm, Grant Thornton received nine bids for the school.
The firm said then it hoped that everyone owed money would be paid in full with the 8 per cent interest that the law demands. The site has been valued at £8.3million.