Devastating for the pupils and staff. The letter says that the operator (Concept Education) was trying to close a cash shortfall through discussions with people willing to support the school but they don't have the cash to pay the staff this week. They blame falling pupil numbers - DfE website said they had 577 pupils with a capacity of 725.
It really feels like the private education model is broken. Looking at the website, it does look like they invested an awful lot in big capital projects in the last ten years (the new riding school, new music centre, expanded prep) - so it's hard to tell if that's mismanagement or was investment that was needed to keep up with the private school arms' race.
I don't understand how private education has got so expensive - I was at school with the sons and daughters of teachers, doctors (GPs), small business owners, high street solicitors etc, many of whom were putting 3 or 4 kids through boarding all the way through. We didn't have the most luxurious of facilities, but we had the music rooms, the sport (albeit playing hockey on grass not astro) and the small class sizes so why do they need such luxury now?