DOCSLIB.ORG

Alpha Plus Holdings Plc Interim Group Financial Statements – Six Months Ended 28 February 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Alpha Plus Holdings Plc Interim Group Financial Statements – Six Months Ended 28 February 2018 Alpha Plus Holdings plc Interim Group Financial Statements For the six months ended 28 February 2018 Alpha Plus Holdings plc Interim Group Financial Statements – six months ended 28 February 2018 Officers and registered office Directors Sir John Ritblat Chairman G G Able Non-Executive Deputy Chairman M D Hanley-Browne Chief Executive Officer M J Sample Director of Finance R D Jones Director of Property E M Francis Director of Education J E Stephen Director of Schools P D Brereton Director of HR R Proscia Director of Marketing Dame Rosalind Savill Non-Executive C B Wagman Non-Executive S M Lancaster Non-Executive Secretary J C Norton Registered office 50 Queen Anne Street London W1G 8HJ 1 Alpha Plus Holdings plc Interim Group Financial Statements – six months ended 28 February 2018 Interim Management Report The Directors present their Interim Management Report and the unaudited condensed Group financial statements for the six months ended 28 February 2018. Activities The principal activity of the Group in the period under review continued to be the ownership and management of schools and colleges in the United Kingdom and the supply of educational services. Across the UK, the Group operates 13 independent schools, 3 stand-alone nursery schools and 3 sixth form colleges all of which, with the exception of 1 school, 2 colleges and one nursery school, are based in Central London. In addition to this, in September 2017, the Group opened its first school outside the UK, in New York City. Review of business A new boys-only pre-prep school, Wetherby Kensington, opened in September 2017 in leasehold premises in Wetherby Gardens, London SW5, Wetherby Kensington is a two form, non-selective, pre- preparatory school for boys from Reception to Year 3 and follows the same curriculum and shares the same values and ethos as Wetherby School in Notting Hill. The new school has started with pupils in Reception and Year 1 only and the remaining year groups are expected to fill over the next two academic years. Wetherby-Pembridge School, a co-educational school for pupils aged 3-14, opened in New York City in September 2017. The school is located in leasehold premises on the Upper East Side on East 96th Street near Central Park and has a capacity of approximately 230 students. Group revenues continued to grow strongly and, in the six months ended 28 February 2018, were 8% higher than in the equivalent period last year at £51.2m (2017: £47.4m) with the increase resulting from greater pupil/student numbers and from increased fee levels. Total pupil/student numbers increased by 84 during the period to 4,327 (31 August 2017: 4,243) and the underlying changes are summarised below: number At 2016/17 academic year-end 4,243 New schools opened September 2017 (Wetherby Kensington and Wetherby-Pembridge) 107 Reduction in student numbers at sixth form colleges (19) Net decrease in pupil numbers elsewhere (4) At 2017/18 half year-end 4,327 The Group believes that the recruitment and retention of international students into the Group’s sixth form colleges for the current academic year, particularly from Far Eastern markets, was adversely affected by the terrorism attacks in London and Manchester in the Spring of 2017. Early indications are that confidence has since returned and the number of international students applying and being accepted into the Group’s colleges for September 2018 entry is significantly higher than at the same time last year. 2 Alpha Plus Holdings plc Interim Group Financial Statements – six months ended 28 February 2018 Interim Management Report (continued) Review of business (continued) For a variety of reasons, a number of new head teachers have taken up posts within the Group over the last year and two more are due to start in September. In any school, a change of head teacher can lead to a period of uncertainty which can adversely impact pupil numbers and hence short term financial performance. The Group has great confidence in its new head teacher appointees, however, and considers that a short term fall in pupil numbers in any of these schools will be short-lived. Overall operating expenses rose by 14% to £51.2m (2017: £45.0m) reflecting operating costs in New York and at Wetherby Kensington as well as higher personnel and other direct costs elsewhere in the Group, including costs associated with the provision of sports activities. Earnings before interest, tax, depreciation and amortisation (EBITDA) decreased to a break-even position (2017: £2.3m). Reported EBITDA has again been impacted by additional operating costs incurred as the Group expands and creates additional capacity. Adjusting for the short term impact of these items results in underlying EBITDA as follows: 6 Months to Year to 28/02/18 28/02/17 31/08/17 £m £m £m Reported EBITDA - 2.3 5.0 Establishment of Wetherby Senior School 0.7 0.4 2.3 Relocation of Abbey College Cambridge 0.6 0.7 1.5 Relocation of DLD College 0.2 - 0.5 Expansion costs at Chepstow House School 0.2 0.2 0.6 Relocation of Falcons School for Girls 0.2 0.2 0.3 Establishment of St Anthony's School for Girls 0.1 0.3 0.4 Establishment of Wetherby Kensington School - - 0.5 Establishment of Wetherby-Pembridge School, New York 0.9 0.4 1.2 Non-recurring items Staff termination costs - - 0.7 Underlying EBITDA 2.9 4.5 13.0 At a pre-tax level, the Group generated a loss of £6.1m in the period (2017: loss of £1.0m). Notwithstanding this, the Group was still able to generate £3.9m of cash from its operations in the period, helped by a non-recurring £1.7m rent deposit recovery from one of its landlords. As a consequence of the usual January intake of international students into the Group’s sixth form colleges to commence 18-month A-Level programmes, and lower overheads in July and August, the Group again expects to generate improved results in the second half of the year. The Directors do not recommend the payment of a dividend. 3 Alpha Plus Holdings plc Interim Group Financial Statements – six months ended 28 February 2018 Interim Management Report (continued) Future developments The major refurbishment programme continues at Hannah House, Manchester Street, London W1 to facilitate the creation of an additional campus for Wetherby Senior School, supplementing the existing campus in nearby Marylebone Lane. As previously reported, the Group has agreed, subject to contract, to lease additional premises at 47 Bryanston Square, London W1 adjacent to Wetherby Prep School. This building will require refurbishment but will then allow Wetherby Prep to expand by adding one additional form to each year group. The Board continues to expect short term future reported EBITDA to continue to be negatively impacted by costs associated with the current expansion program but anticipates significant medium / longer term growth as a consequence. Whilst the Group is currently focussed on improving the performance of its existing portfolio of schools and colleges, opportunities to expand the portfolio will continue to be assessed. This could involve the acquisition of existing schools as well as the identification of sites to which the Group’s existing schools could move to increase capacity or sites where new schools could be established. Board changes Anthony Kay resigned his position as Director of College Operations in November 2017. Rossella Proscia joined the Board as Director of Marketing in January 2018. Principal risks and uncertainties The principal risks and uncertainties which could impact the Group’s performance remain those identified on page 6 and further described on page 42 of the Company’s consolidated financial statements for the year ended 31 August 2017, a copy of which is available on the Group’s website www.alphaplusgroup.co.uk. 4 Alpha Plus Holdings plc Interim Group Financial Statements – six months ended 28 February 2018 Statement of Directors’ responsibilities The Directors confirm that, to the best of their knowledge: 1. The condensed Group interim results for the six months ended 28 February 2018 have been prepared in accordance with IAS34 “Interim Financial Reporting”. 2. The Interim Management Report includes a true and fair review of the important events that have occurred during the first six months of the financial year. This interim report was approved by the Board of Directors on 18 May 2018. Mark Hanley-Browne Mark Sample Chief Executive Officer Director of Finance 5 Alpha Plus Holdings plc Interim Group Financial Statements – six months ended 28 February 2018 Condensed Group statement of comprehensive income for the six months ended 28 February 2018 6 Months to Year to 28/02/18 28/02/17 31/08/17 Notes £000 £000 £000 Revenue 51,207 47,367 96,269 Operating expenses 6 (51,187) (45,040) (91,277) Earnings before interest, tax, depreciation and 20 2,327 4,992 amortisation ("EBITDA") Depreciation 10 (3,802) (2,902) (5,901) Operating loss (3,782) (575) (909) Profit on disposal of asset held for sale - 543 543 Profit on sale of investment property - 852 852 College closure costs - (115) (4) (Loss)/profit before interest and tax (3,782) 705 482 Finance costs 7 (4,020) (3,616) (7,259) Finance income 8 1,668 1,865 3,732 Loss before tax (6,134) (1,046) (3,045) Tax credit 9 - - (642) Loss for the period (6,134) (1,046) (3,687) Exchange differences on translation of foreign operations 81 (5) 15 Total comprehensive deficit for the period (6,053) (1,051) (3,672) 6 Alpha Plus Holdings plc Interim Group Financial Statements – six months ended 28 February 2018 Condensed Group balance sheet as at 28 February 2018
Load more

Recommended publications
  • Alpha Plus Holdings Plc 5.75% Secured Sterling Bonds Due 2019 Important Information Portland Place, Central London
    INFORMATION BOOKLET 27 November 2012 Alpha Plus Holdings plc 5.75% Secured Sterling Bonds due 2019 Important Information Portland Place, Central London Lead Manager and Distributor that will issue the bonds referred to below. Canaccord Canaccord Genuity Limited Genuity Limited (No. 01774003), whose registered office is 88 Wood Street, London, EC2V 7QR, is Authorised Distributors authorised and regulated by the UK Financial Services Collins Stewart Wealth Management (UK) Authority (Firm Ref Number 182011). www.collinsstewartwealth.com Interactive Investor This Information Booklet relates to the Alpha Plus Holdings plc 5.75% Secured Sterling Bonds due www.iii.co.uk/investing/news-issues 2019 (referred to in this Information Booklet as the Peel Hunt LLP “bonds”). A prospectus dated 26 November 2012 www.peelhunt.com (the “Prospectus”), which comprises a prospectus RM Capital Markets Ltd for the purposes of the Directive, has been prepared www.rm-capital.co.uk and made available to the public in accordance with the Directive. Copies of the Prospectus are available Selftrade from the website of the London Stock Exchange 5.75% www.selftrade.co.uk/alpha (www.londonstockexchange.com/prices-and-markets/ per annum Shore Capital markets/prices.htm) and in hard copy for inspection www.shorecapital.co.uk only during usual business hours at the specified office of the paying agent. This Information Booklet is not an interest paid Smith & Williamson Securities offer for the subscription or sale of the bonds. The www.smith.williamson.co.uk/fixed-income-dealing- bonds have not been and will not be registered under service the United States Securities Act of 1933, as amended Important Information (the “Securities Act”).
    [Show full text]
  • Accepted Schools
    Department for Education Bishopsgate House Feethams Darlington, DL1 5QE Email enquiry form: www.gov.uk/government/organisations/ department-for-education Mr S Murtagh-Howard By email 20 August 2020 Dear Mr Murtagh-Howard I am responding to your email of 9 August requesting information about participation in the Teachers’ Pension Scheme (TPS) by independent schools. I have dealt with your request for data under the Freedom of Information (FOI) Act 2000. You asked: Would you please supply a list of establishments (LA/Estab number, Name) that have, since 1 September 2018, notified Teachers' Pensions of their intention to withdraw from the Teachers' Pension Scheme (TPS). The current list of independent schools that have given formal notification to leave the TPS since 1 September 2018 is set out in the annex. The table contains the names of the schools and each school’s departmental establishment code which is the code used by both the department and Teachers’ Pensions in administering the TPS on behalf of the department. You can use the establishment code to find information about the schools, including their location and contact details at https://get-information- schools.service.gov.uk/. The information supplied to you continues to be protected by copyright. You are free to use it for your own purposes, including for private study and non-commercial research, and for any other purpose authorised by an exception in current copyright law. Documents (except photographs) can be also used in the UK without requiring permission for the purposes of news reporting. Any other re-use, for example commercial publication, would require the permission of the copyright holder.
    [Show full text]
  • MGLA260719-8697 Date
    Our ref: MGLA260719-8697 Date: 22 August 2018 Dear Thank you for your request for information which the GLA received on 26 June 2019. Your request has been dealt with under the Environmental Information Regulations (EIR) 2004. Our response to your request is as follows: 1. Please provide the precise number and list of locations/names of primary and secondary schools in London where air pollution breaches legal limit, according to your most recent data (I believe the same metric has been used across the years, of annual mean limit of 40ug/m3 NO2, but please clarify). If you are able to provide more recent data without breaching the s12 time limit please do. If not, please provide underlying data from May 2018 (see below). Please provide as a spreadsheet with school name, pollution level, and any location information such as borough. This data is available on the London datastore. The most recent available data is from the London Atmospheric Emission Inventory (LAEI) 2016 and was published in April 2019. The data used for the 2018 report is LAEI 2013. Please find attached a list and a summary of all Educational Establishments in London and NO2 levels based on both the LAEI 2013 update and LAEI 2016. The list has been taken from the register of educational establishments in England and Wales, maintained by the Department for Education, and provides information on establishments providing compulsory, higher and further education. It was downloaded on 21/03/2019, just before the release of the LAEI 2016. The attached spreadsheet has recently been published as part of the LAEI 2016 stats on Datastore here.
    [Show full text]
  • 10152-APG FSB the Falcons School for Boys Prospectus-Preparatory V14.Indd
    PREPARATORY PREPARATORY Prospectus About our School 3 WHAT WE OFFER Falcons Preparatory School for Boys is an “Excellent personal development independent school for boys aged 7-13 years, stems from the school’s determined based in Richmond. We deliver a fast-paced aim to prepare pupils well for and stimulating curriculum suited to the needs of their future lives.” young boys. ISI Inspection Report 2012 Academic life at Falcons Preparatory School for Boys is complemented by a wide range of clubs, residential trips and educational visits, a varied sports programme, as well as music and drama that further our provision for our pupils. www.falconsprep.co.uk Dear Parents, It gives me great pleasure to introduce Falcons Preparatory School 4 for Boys to you and to invite you to see all that our school offers. 5 At Falcons we are committed to boys’ education. The school has a challenging academic curriculum supported by an established and effective pastoral care programme. Leavers continue to achieve outstanding results to leading schools both day and boarding schools including: King’s College, Hampton, St Paul’s, Emanuel, Brighton College and Epsom College and all achieve their secondary school goals. I would be delighted to meet you and show you Falcons Prep. All my career has been spent in education and I appreciate how important your decision is in choosing the right school for your son. I look forward very much to welcoming you. Franciska Bayliss Headmistress BEd (Hons) FRSA Falcons Preparatory School for Boys www.falconsprep.co.uk Ethos and Values 6 7 OUR VALUES Falcons boys are encouraged, motivated and nurtured.
    [Show full text]
  • Wetherby Kensington Ofsted Report June 2018
    School report Wetherby Kensington 4 Wetherby Gardens, Kensington SW5 0JN Inspection dates 13–15 June 2018 Overall effectiveness Good Effectiveness of leadership and management Good Quality of teaching, learning and assessment Good Personal development, behaviour and welfare Good Outcomes for pupils Good Early years provision Good Overall effectiveness at previous inspection Not previously inspected Summary of key findings for parents and pupils This is a good school The headteacher, governors and the proprietor Pupils’ spiritual, moral, social and cultural are ambitious for pupils and have a clear vision development is promoted well. Leaders and for the school. They have worked effectively to staff ensure that most aspects of British values ensure that all the independent school are taught well. However, leaders are aware standards are met. that more needs to be done to promote pupils’ knowledge of the culturally diverse nature of Governors are highly skilled and know the British society. school well. They provide strong support and challenge to the headteacher to ensure that the Occasionally, work is not sufficiently challenging school continues to improve. for the most able pupils. Consequently, they sometimes do not make the progress of which The quality of teaching is good and pupils make they are capable. good progress across the curriculum. Teachers’ expectations of pupils’ handwriting The broad curriculum is engaging and and their punctuation are not consistently high. encourages pupils to be inquisitive and achieve well. The curriculum is enriched by a wide The senior and middle leadership teams are not range of activities and visits. fully established to ensure there is sufficient capacity to bring about rapid improvements.
    [Show full text]
  • First Class Independent Schools in London and the Uk
    EDUCATION GUIDE IN ASSOCIATION WITH SALAMANCA GROUP FIRST CLASS INDEPENDENT SCHOOLS IN LONDON AND THE UK 001-052 Savills Education Guide v2.indd 1 03/09/2014 14:15 EduEducacatiotionn AdviAdvisorsory FFromrom firfirstst stepstepss to firfirstst jobjob, SaSallaamamancanca GroupGroup providedess thethe vvereryy bestbest edueducational adviadvicece,, supsuppoportrt and opportopportununitiesities,, nnowow and for thethe futufuturree Choosing a school for Initial Consultation your child is a difficult and Academic Assessment important task in shaping Private Tuition their future. We act in School Selection, Visits & our clients’ best interest, Administration providing independent Cultural Immersion and un-conflicted advice Programmes to ensure a child has the best building blocks laid University Consultancy out for them. All our advice Careers Advice & Mentorship is completely impartial, trusted and grounded in expertise. © Salamanca Group Holdings (UK) Limited Salamanca Group ® www.salamanca-group.com 000101-05-054 SSaavvilillsls EdEducucatationion GuGuideide.i.inddndd 2 330/0/08/08/2012014 00:00:4747 elcome to our Education Guide, which provides a selection of the fi nest Windependent schools in London and the UK, together with some of the best London universities and business schools. We have produced this guide in association with Salamanca Group, which has a well-earned reputation for ensuring that every parent and child gets the tailor-made education advice and support they need in choosing the right school. We hope you fi nd our guide
    [Show full text]
  • Ofsted Report
    School report/ Wetherby Senior School 100 Marylebone Lane, London W1U 2QU Inspection dates 20–22 April 2016 Overall effectiveness Good Effectiveness of leadership and management Good Quality of teaching, learning and assessment Outstanding Personal development, behaviour and welfare Good Outcomes for pupils Outstanding Overall effectiveness at previous inspection Not previously inspected Summary of key findings for parents and pupils This is a good school Leaders have worked with determination and Pupils’ behaviour is outstanding. Pupils display remarkable speed to establish this new school. exceptionally positive attitudes to their learning. They They are resolute in their determination to ensure relish the challenge teachers bring to their learning. the highest quality of provision for the pupils. The They value highly the support they receive, setting classrooms, laboratories and other specialist high expectations of themselves both for their facilities in this newly refurbished building are progress and behaviour. exceptionally well finished and resourced. The well-designed, engaging and broad curriculum Leaders have prioritised the establishment of contributes well to all pupils’ academic and personal high-quality teaching and have focused on development. There is considerable focus on ensuring the welfare, health and safety of pupils. developing pupils’ literacy and numeracy skills across They have empowered subject leaders to take curriculum subjects. A good range of enrichment responsibility for the development of the activities are already in place, many of which relate resources, the curriculum and teaching in their to sport. areas. Welfare, health and safety arrangements are good. Teaching, learning and assessment are Leaders have established secure systems for outstanding. Teachers use their excellent subject monitoring the quality of teaching, the learning knowledge to plan lessons that both interest and outcomes of individuals, and pupils’ welfare, health meet the needs of pupils of all abilities.
    [Show full text]
  • Term Dates 2013
    Future Schools Miss Daisy’s Nursery Year the year your child turns three years old before 31st August. Miss Daisy’s Kindergarten Year the year your child turns four years old before 31st August. The first year of school (Reception) is the year that your child will turn five years old before 31st August. Please note the schools are very strict regarding your child’s date of birth. Co- Educational Schools The American School Abercorn School (4yrs-18yrs) www.asl.org (2.5 - 13yrs) www.abercornschool.com The Hampshire School Cameron House School (4yrs-13yrs) www.thehampshireschoolchelsea.co.uk (4yrs-11yrs) www.cameronhouseschool.org Thomas’s London Day Schools Chepstow House School (4yrs-16yrs) Battersea/Fulham/Clapham/Kensington (4yrs-11yrs) www.chepstowhouseschool.co.uk www.thomas-s.co.uk Connaught House School Single Sex Schools - Boys (4yrs-11yrs) www.connaughthouseschool.co.uk Arnold House School Eaton House the Manor (5yrs-13yrs) www.arnoldhouse.co.uk (Boys 4yrs-13yrs Girls 4yrs-11yrs) www.eatonhouseschools.com Eaton House Belgravia School Eaton Square Schools (4yrs-11yrs) www.eatonhouseschools.com (4yrs-13yrs) www.eatonsquareschool.com Falkner House School Fulham Prep (4yrs-8yrs) www.falknerhouse.co.uk (4yrs-18yrs) www.fulham.school Garden House School Hill House School (please note the boys and girls are taught separately). (4yrs-8yrs /11yrs) www.gardenhouseschool.co.uk (4yrs-13yrs) www.hillhouseschool.co.uk Westminster Cathedral Choir School Hawkesdown House School (4yrs-13yrs) www.choirschool.com (4yrs-11yrs) www.hawkesdown.co.uk
    [Show full text]
  • March Maths Challenge
    M MARCH MATHS CHALLENGE Class ranking by Average Mathletics Points 1 Ysgol Gynradd Bethel, Caernarfon GB 6,386 2 Drumlins Integrated Primary School, Ballynahinch GB 6,020 3 Holy Family Primary School, Downpatrick GB 5,460 4 Reddam House Waterfall div Inspired Schools (PTY) Ltd, Midrand ZA 5,185 5 Bush Primary School, Southern Elb GB 5,053 6 Summerhill Preparatory and College, Midrand ZA 4,983 7 St Nicholas School, London GB 4,968 8 Woods Primary School, Magherafelt GB 4,618 9 Blue Coat CofE Junior School, Durham GB 4,609 10 Lyndhurst House Prep School, London GB 4,560 11 Australian International School, Sharjah AE 4,507 12 St Patricks Primary School, Ballynahinch GB 4,451 13 St Margarets CE Primary School, Great Barr GB 4,232 14 Seven Skies International School, Petaling Jaya MY 4,084 15 Breachwood Green JMI School, Hitchin GB 3,910 16 Xtra Step Learning Centre, Boksburg ZA 3,879 17 Sahara International School, Cairo EG 3,732 18 Bronte School, Gravesend GB 3,666 19 Russell House School, Sevenoaks GB 3,634 20 Broadfields Primary School, Edgware GB 3,586 21 Brooke House Day School, Leicester GB 3,461 22 Bracoden School, Banff GB 3,408 23 British International School Belgrade, Belgrade RS 3,340 24 Kennedy School, Pokfulam CN 3,339 25 Greenbank Preparatory School, Cheadle GB 3,166 26 St Anthony's School for Girls, London GB 2,991 M MARCH MATHS CHALLENGE 27 Holy Trinity Church of England Primary School, Richmond GB 2,943 28 Bushey Meads School, Bushey GB 2,904 29 Aughnacloy Regional Primary School, Aughnacloy GB 2,638 30 The Arbor School,
    [Show full text]
  • Wood Lane and Notting Hill Gate
    1 Appendix A Page number Questionnaire 2 Letters distributed in each 6 neighbourhood Letter distribution maps 16 Consultation leaflets 19 Emails to people who use public transport or cycle in the areas affected by 24 our proposals Stakeholder email 28 List of stakeholders invited to respond to 29 the consultation Press Release 35 Press advertisement 41 Digital advertisement 42 2 Questionnaire 1a. Thinking about our proposals as a whole, what effect do you think they will have on the way people choose to travel? A limited Many number more of extra I am unsure The Fewer people people people what effect proposals would choose would would the would have to travel in choose to choose proposals no effect this way travel in to travel might have this way in this way Walking Cycling Using public transport Using motor vehicles for personal journeys Using motor vehicles for business journeys It would help us if you could use the space below to explain your answers to the question above. If you are commenting on a particular location, please mention it to help us analyse the responses: 2, Which neighbourhoods do your views relate to, or are you commenting on the entire scheme? If you wish to comment on more than one section (but not the entire route) then you may find it easier to write to us at [email protected] or Freepost TfL Consultations (Wood Lane to Notting Hill Gate). Wood Lane Shepherd’s Bush Holland Park Avenue Notting Hill Gate The entire scheme 3 3. Please let us know if the proposals would have a positive or negative impact on you or the journeys you make.
    [Show full text]
  • Open Days SS2012 Layout 1
    Independent school open days Central London, Summer Term 2012 Many schools do not have open days this term, but are still happy to see parents by appointment. We always recommend parents visit schools and register at least 2 years prior to the intended year date entry. Wetherby School, W1 (boys 7-13yrs) is the only prep school that still requires registration at birth. Pembridge Hall, W2 (girls 4-11yrs) also requires registration prior to the 1st birthday. NB. Radley School, nr Oxford (boys 13-18yrs) is the only senior boarding school that requires registration at birth and places are allocated on a first-come, first-served basis. What do we mean by 4+ or 7+? These age groups are the main intake years (ie 7+ means children will start in the year they are 7 turning 8). The equivalent would be Yr3 - or Juniors - in the state sector. Some open days are only relevant for specific year groups. EC2 Knightsbridge School 020 7590 9000 SW3 City of London School 020 7847 5500 67 Pont Street, SW1X 0BD Cameron House 020 7352 4040 for Girls knightsbridgeschool.org 4 The Vale, SW3 6AH St Giles Terrace, EC2Y 8BB Co-ed 3-13yrs cameron-house.org clsg.org.uk Tours Tues & Wed by appointment Co-ed 4-11yrs Girls 7-18yrs Admissions: Joanna Campbell 4+: individual tours by appointment Open days 7+ & 11+ 21 Jun Admissions: Miss Lexi Castleman Admissions: Mrs Tobi Clifton-Brown More House School 020 7235 2855 22-24 Pont Street, SW1X 0AA Garden House School 020 7730 1652 EC4 morehouse.org.uk Girls 11-18yrs Turks Row, SW3 4TW City of London School 020 7489 0291 11+: individual tours by appointment gardenhouseschool.co.uk for Boys Admissions: Julia Barnwell Tues by appointment for boys, Wed Queen Victoria St, St Paul's, EC4V 3AL Sussex House 020 7584 1741 for girls.
    [Show full text]
  • Global Corporate Lettings Report Assessing Property Market Conditions for Corporate Residential Tenants 2015
    RESIDENTIAL RESEARCH GLOBAL CORPORATE LETTINGS REPORT ASSESSING PROPERTY MARKET CONDITIONS FOR CORPORATE RESIDENTIAL TENANTS 2015 CITY-BY-CITY: TOP AREAS CURRENCY IMPACT FOR CORPORATE TENANTS ON PRIME RENTS SCHOOLING: A TOP PRIORITY KEY FINDINGS GLOBAL OVERVIEW Demand for prime residential accommodation in the Corporate tenants seeking value world’s gateway cities is rising, led by economic growth for money and are increasingly conscious of the rental differential and the increasing trend towards integrated global between neighbourhoods in teams in the larger businesses. relatively close proximity In this report we review rental market Cape Town, Zurich and Toronto performance in London, New York, Hong FIGURE 1 Prime rents outperform prime prices recorded the strongest rise in prime Kong, Singapore and Mumbai – together Annual % change to Q2 2015 rents in the year to June 2015 with a review of Bucharest, a key emerging European centre. 10% A strong US dollar has led to According to Worldwide ECR, 45% of savings for US corporate tenants global multinationals expect international 5% relocating abroad over the last year assignments to increase but this figure rises to 54% amongst those with 0% For corporate tenants with families, headquarters in the US. A stronger dollar schooling is a concern with places means US companies are expanding -5% in some cities in increasingly once again. short supply Despite this expansion of demand, -10% Knight Frank’s Prime Global Rental Index, which tracks the performance of -15% 18 key cities, confirms that rental growth PRIME RENTS has been muted in recent years – rising PRIME PRICES only 0.2% in the year to June 2015.
    [Show full text]