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The Rayners Special Educational Trust trading as Penn School (the “School”) and the Penn School Limited (both in Administration)

The School was placed into administration on 7 July 2015, with Lee Manning and Matt Smith, both partners of Deloitte LLP, appointed as Joint Administrators.

Penn School Limited is a dormant company and has no role in the day to day running of the School.

The affairs, business and property of the School are being managed by the Joint Administrators. The Joint Administrators act as officers of the court and act as agents of the School contracting without personal liability. The Joint Administrators are authorised by the Institute of Chartered Accountants in England and Wales. All licensed insolvency practitioners of Deloitte LLP are licensed in the UK.

Following their appointment the Joint Administrators made the difficult decision to close the School at the end of the current term, however would like to take this opportunity to reassure all parties that the School will remain open as usual until then.  We are having to close it because there are no funds available to enable continued trading beyond the end of this term, as the school is expected to be heavily loss making due to the fall in expected student numbers.

The Joint Administrators and staff have been approached by a number of parents and employees with questions during the past 24 hours, and will continue to update this list of commonly asked questions as appropriate.

Q:         What is Administration?

A:         An administration is an insolvency process as defined by the Insolvency Act (1986) (as amended) whereby an licenced insolvency practitioner is appointed to manage the business and assets of the School.

 

Q:         What is the role of the Joint Administrators?

A:         The Joint Administrators have various functions and responsibilities but must perform these for the benefit of creditors (including employees) with the objective of rescuing the School or, if not possible, achieving a better result for creditors than winding up of the School.

 

Q:         How can I contact the Joint Administrators?

A:         If you are an employee of the School, please use the below email address:

hsolway@deloitte.co.uk

 

If you are a parent or guardian of one of the School’s pupils, please use the below email address/telephone number:

            ukdeloittepennparents@deloitte.co.uk / 020 7303 5468

 

If you have any other queries, please use the below email address:

 

bwithington@deloitte.co.uk

                 

 

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