Case Study: Third Sector

A small independent preparatory school was struggling with falling numbers on roll, solvency and cashflow issues.

CASE STUDY Third Sector – Cashflow issues and solvency concerns for school in South East

 

The Client

This was a small independent preparatory school (registered as a charity), which experienced particular difficulties before and during the COVID period, resulting in falling numbers on roll, solvency and cashflow issues.

The Conclusion

The school governors decided that the school could not securely offer an educational programme for the next academic year and would have to close. We were brought in to assist with managing that process in a pragmatic and sensitive way to protect and preserve the educational interests of the students as well as the interests of creditors.

 

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Key facts