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Bellevue Education continues empire building

Private schools group Bellevue Education has tripled the number of schools it owns over the last year.
 
In summer 2011, the Surrey-based group owned just three schools, in London, Surrey and East Sussex. Since then, however, it has acquired or established another six.
 
After acquiring three schools last autumn, the group acquired Gateway School, in Missenden, Buckinghamshire, in January this year. 
 
It's also acquired two English-language boarding schools in Switzerland: Gstaad International and Surval Mont-Fleuri International.
 
This September Bellevue also founded a new private school in south west London, the non-selective Wandsworth Preparatory. The school is currently teaching a reception class only, but plans to expand to include another six year groups, for children aged up to 11, next year.
 
Bellevue's most recent set of accounts show that, in the year to 31 August 2011, it had profits of £1.5 million on turnover of £3.7 million. In the year to that date the group's total assets grew by more than 150%, from £5.2 million to £13.3 million.
 
Chief executive Mark Malley founded the firm in 2003, and still owns nearly 35% of its equity. The group adopted the name Bellevue last autumn, having previously been known as House Education and the Really Great Education Company.
 
Bellevue lists Plato One Ltd as its other major shareholder.


Posted on: 22/10/2012