AN EDUCATION group based in Pakistan has bought Newlands School in Seaford.
Beaconhouse Group confirmed the move on Monday following a hearing at the Royal Courts of Justice on Friday.
The Beaconhouse group is an international private school system with more than 165,000 students in eight countries.
It has schools in Bang
ladesh, Malaysia, Oman, Pakistan the Philippines, Thailand and the UK.
Last month financial experts Tenon Recovery denied the independent school was going into administration but admitted a petition had been issued to wind up the company behind it.
The school hit the national headlines back in April 2005 when it closed suddenly because of financial difficulties.
It was relaunched the following year after parents Mike Holland and John Summers put together a rescue package.
Mr Holland said the latest move meant he could now go back to being a parent. He said, "I have been involved with the school for 10 terms and it will be fantastic for me to go back to being a parent.
"This is great news and I'm sure the school will go from strength to strength."
Ian Cadlock, a director at Tenon Recovery, added, "We are delighted to confirm that the sale of Newlands School has been completed. This a hugely satisfying outcome and we look forward to announcing further details in the coming days."
