Walden School creditors have been paid but administration set to go into next year

PUBLISHED: 08:01 01 November 2018 | UPDATED: 08:01 01 November 2018

Walden School, formerly Friends' School, in Saffron Walden.

Walden School, formerly Friends' School, in Saffron Walden.

Archant

The administrator acting on behalf of Walden School has confirmed that creditors have been paid - but the closure of the administration might not be until next summer and the future of the charity has not yet been decided.

A spokesman for Grant Thornton said: “The vast majority of creditors have now been paid their principal claims, however statutory interest remains due and we anticipate that this will be paid within the next few weeks. Once all creditors and administration expenses have been paid, our focus will shift to the closure of the administration which we expect will be before next summer.

“The future of the charity, including any surplus that may remain after the exit from administration, has not yet been determined.”

Meanwhile, Chase Homes, a developer which bought the site in April for £7,025,000, have revealed plans to build 170 homes on the former school site.

At a Saffron Walden Town Council meeting, the developer initially said 150 homes would be built on the site.

But a brochure and survey sent out the residents reveals plans to build 170 new homes “in a low density development arranged around areas of open space”.

Alan Ward, planning and design director for Chase New Homes, said: “We are aware of the importance of the former Walden School to the local community, its Quaker history and the association with George Gibson who gifted the land to the former school.

“While a number of unsuccessful attempts were made to retain the school for educational purposes resident use of the site will ensure that the existing main building can be retained in perpetuity.

“The local listing of this building and the conservation area designation will clearly guide any development proposals on the site.”

Chase New Homes has developed two websites - a dedicated one concerning the school plus a separate link to a survey which can be accessed and completed by local people.

Information will be posted on the notice board outside the former school site and hard copies of the questionnaire have been offered to residents who live on nearby roads.

“Comments there will tie into the community consultation,” Mr Ward said. “We wish to keep the consultation structured with a survey format and therefore are not inviting open letters.”

Visit www.chasesaffronwalden.co.uk for more information.

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