In 1845 the school was forced to close as a result of a financial scandal. This was the result of Governor James Goulston, who sued the school. Following an Order in Council of Queen Victoria in 1880, which superseded the previous Royal Charter, the school was rebuilt on a different site in Camberwell, opening in 1883. It again catered to the need for schooling of boys in Camberwell, which by this time had grown considerably from its rustic origins. Its working population largely consisted of men working in the professions, clerks, journalists, tradesmen and labourers. Naturally, a grammar school provided an asset to the neighbourhood, with the prospect for boys to go on to University education.