A struggling school has requested to be put into academic administration, within the first utility of its form.
The Hadlow Group, which runs Hadlow Faculty in Kent, is being investigated over monetary irregularities.
If the request is granted subsequent week, the faculty – which has greater than 2,000 college students and 454 employees – can be the primary within the UK to undergo the brand new training insolvency regime.
A spokesman for Hadlow Faculty stated it was deemed “crucial”.
The appliance follows a evaluation of the faculty’s funds by authorities businesses, which discovered “speedy monetary challenges”.
The Schooling Secretary utilized to the Excessive Courtroom instantly.
Interim principal Graham Morley was introduced in following the resignations of the principal and deputy principal earlier within the yr.
He stated he wished to “reassure” college students, mother and father and employees that every one programs can be persevering with.
“On a day-to-day foundation nothing will occur, it is going to be enterprise as standard,” he stated, including: “It’s simply the way in which the enterprise is run which is able to change behind the scenes.”
Ought to the administration utility be granted, enterprise advisory agency BDO will act because the training directors.
A spokeswoman stated it was working with a lot of stakeholders, together with the Schooling and Abilities Funding Company, the Additional Schooling Commissioner and the faculty.
She added they’re exploring the choices out there to the faculty, which specialises in rural sector coaching, to make sure “stability is maintained and that the training and coaching supplied by the faculty is unaffected”.
Any court docket order will solely apply to Hadlow Faculty itself and never any of its subsidiaries – together with Betteshanger Parks and Hadlow Rural Neighborhood Faculty – or to West Kent and Ashford Faculty.