Wentworth College has been saved after control was transferred to the United Church Schools Trust.

Administrators from Grant Thornton agreed the transfer after the college entered into insolvency proceedings at the end of July.

'We are delighted that this transfer to UCST, the preferred party, has been achieved so quickly as it is likely that this safeguards the future operation of the school,' said joint administrator Trevor O'Sullivan.

'It also means that all creditors will be paid in full and provides continued employment of school staff.'

Sir Ewan Harper, chief executive of the United Church Schools Trust, said: 'We are delighted to welcome the children, staff and parents of Wentworth College into our family of independent schools and can guarantee that the school will re-open in September and welcome back all its existing pupils and those joining for the first time.'

Further reading:

KPMG calls for law change following Wrapit saga

Tax bill forced brewery administration