The Iona School, an independent primary school in Nottingham, has closed and appointed Philip Harris and Nathan Jones of FRP Advisory as joint administrators, The Business Desk has reported.

The school catered to 62 pupils aged three to 11 years and offered Waldorf education based upon Steiner principles.

The school warned parents weeks ago that it would be forced to raise fees following the government’s decision to impose VAT of fees from next year.

At the beginning of August, head teacher Rob Stafford told the BBC: “If we receive no more applicants, the school faces a £120,000 shortfall for the upcoming academic year. Half of the students here have places that are financially subsidised, and we’ll be forced to offer less of these places. Those students have been forgotten.”

A spokesperson for FRP Advisory said: “The organisation managed The Iona School, an independent primary school in Nottingham, which closed on 20th September. Regrettably, all 11 employees of the school have been made redundant and are now being supported by the administrators in their engagement with the Redundancy Payments Service.

“The appointment follows a period in which the school experienced cash flow challenges related to rising operating costs and a decline in pupil numbers.”