The most expensive school in the state registers a loss of 4.53 million euros

The company that operates the most expensive private fee-paying day school in the state posted pre-tax losses of 4.53 million euros last year.

Accounts from Nord Anglia Education Ltd, which runs Nord Anglia International Primary and Secondary School in Leopardstown, south Dublin, show losses have fallen only slightly from the 4.8 million euros recorded in 2020.

The company’s turnover increased by 45% last year to reach 4.77 million euros.

The directors say the company “is in a start-up phase and expects significant growth over the next few years. . . The school has continued to focus on growth and providing quality education to all age groups despite the challenges the global pandemic has presented.

At the end of last August, the school, based in Microsoft’s former office in South County Business Park, had 309 full-time equivalent students, up from 315 the previous school year.

Annual fees for secondary school pupils attending Nord Anglia International range from €16,660 to €18,340, while parents of children attending Nord Anglia Primary School can expect to pay €13,720 to €14,490 .

The rates for its “early years” range from €11,620 to €13,720 for “infants”.

Capital injection

The company that manages the school received a new capital injection of 1 million euros last September.

Last year schools recorded gross tuition revenue of €7.18m and net tuition of €4.6m after taking into account rebates of €2.55m euros.

The number of teachers at the school – which has a capacity of 800 students – rose from 47 to 61 last year, with 15 people employed in administration. Last year’s salary costs amounted to 3.93 million euros.

The school opened its doors in 2018 and the company’s cumulative losses at the end of last August amounted to 16.7 million euros. Last year’s pre-tax losses include €2 million of interest expense and non-cash amortization expense of €3.1 million.

About Pia Miller

Check Also

OnePlus Nord 2T release date, price and spec rumors

A steady stream of leaks suggests that OnePlus may be about to launch the first …