DETERMINED parents have vowed to save one of scotland's oldest private schools after it went into administration...Bosses of St Margaret's School in Edinburgh said the pupil role fell .from an 800 capacity to just 390 and desperately tried to fend off an .annual debt of £500,000 by asking pupils' parents for cash...Yesterday (Fri) for the time in its 120 year history, liquidators were .called in to see the school through to its closure at the end of the .month...The news broke on the pupils' careers day, on the morning after the .school leavers' ball...But familes staged a 'save our school' demonstration outside the gates .yesterday...Some stayed up all night after the annoucement drafting a business .plan to keep the school going...Others said they were willing to pay even more than the £3,000 annual .fee to send their children to the leafy school...Its Parents and Friends Association chair Val Devlin, 40, said: ."Parents were told by email last night and it sent shockwaves around .the community..."But we have some very smart cookies among us in the parent community .and we will not leave this school..."We owe it to our children and the teachers too, who have basically .been given two weeks notice by the board of governors..."They have claimed the role was fallig but it actually rose by 19 per-.cent in the past term..."That proves it is a viable business and some mums and dads were up .all night and off work today speaking to potential financiers."..
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- School Closure