Grant Thornton administrators called in at St Ursula’s High School Trust

Grant Thornton administrators called in at St Ursula's High School Trust

Nigel Morrison and Trevor O'Sullivan from Grant Thornton take up administrator roles at Bristol-based St Ursula's High School Trust

Administrators from Grant Thornton have been appointed to St Ursula’s High
School Trust following a request from its board of trustees.

Nigel Morrison and Trevor O’Sullivan are now handling affairs at the school.

St Ursula’s collapsed because of a decline in student numbers from circa 400
pupils to about 160. O’Sullivan said the school was no longer “financially
viable” in this format.

“Whilst the trustees have made every effort to find a potential purchaser
capable of delivering a sustainable school operation, unfortunately this has not
been achievable in the context of the many constraints and short timescale
available,” said O’Sullivan.

“As a result, there is no available funding and the Trust has been unable to
meet July salary payments. Consequently, the school will close,” he added.

O’Sullivan said the administrators would provide “every assistance” to
parents to help them find alternative places for their children including
liaising with local authorities.

The school, which is co-educated, is located in Westbury-on-Trym in Bristol.

Further reading:

Southend
United stave off administration in Sainsbury’s deal

Legion
Group could face administration if sale fails

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article