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School to enter liquidation due to bank debts

Date Added: 14/10/2011  

Parents whose children attend the fee-paying Amberfield School at Nacton may need to find a new institution for their little ones to go to as the facility is set to enter liquidation.

It was confirmed by the chairman of governors Alistair Lang that the school's debts have become too much for it to remain open.

"We've spent many hours trying to find investors, buyers, ways of extending the life of the school and it was a horrible decision to make," Mr Lang told BBC News.

Mark Brown, who has a daughter at Amberfield, stated that the announcement the school will be closing came as a surprise, despite the fact parents were aware the number of children attending had dropped in the last few years.

He stated that the bank is demanding £200,000 from the institution if it is to be able to remain open until Christmas, although he added parents have already pledged between £50,000 and £100,000 to keep the school alive in the short-term.

Just 157 young people are currently enrolled at the establishment and this is down 233 pupils in 2009, with each child paying between £2,300 and £3,000 a term for their education.

Mr Lang admitted that the school had not been able to recruit enough new students in the summer but said he had decided to open for another year "in good faith", pointing out there is no good time to close an institution such as this.

Linda Ingram, headmistress, said: "This really is a sad day for us."

She added that the school will be doing all it can to ensure a quick and easy transition for staff and students into roles at other institutions.

Robin Twigge, chairman of the East Anglia region of the Federation of Small Businesses, recently stated that a lack of lending from banks is to blame for the lack of growth in the economy, the Eastern Daily Press reported.

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