Parents save independent Catholic Fernhill School
A top independent school near Glasgow has said it will avoid administration after parents and board members made pledges for a six-figure sum of cash.
Fernhill School, which charges up to £9,000 for secondary pupils, had told parents it faced possible closures amid ongoing financial difficulties.
A spokeswoman said their "swift response" meant a plan for "refinancing the business" could now go ahead.
The co-educational school caters from nursery through to secondary pupils.
A spokeswoman for the school board said: "We are delighted to be in the position to announce the secured future of Fernhill.
"This has been possible by the swift response of parents who have secured pledges for a six-figure sum to avert the prospect of administration and as a means of refinancing the business.
"The reaction of the parents, teachers and pupils when the school's future was threatened was overwhelming and is testament to the strength of our community and the quality of education we offer."