State’s ‘most expensive school’ records €4.53m loss

The company that operates the State’s most expensive private fee-paying day school recorded pretax losses of €4.53 million last year.

Accounts for Nord Anglia Education Ltd, which operates the Nord Anglia International primary and secondary school at Leopardstown in south Dublin, show loses dipped only fractionally from the €4.8 million recorded in 2020.

Revenues at the company increased by 45 per cent last year to €4.77 million.

The directors say the company “is in a start-up phase and expects to grow significantly over the coming years . . . The school continued to focus on growth and providing a premium education across all age groups despite the challenges the global pandemic presented.”

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By the end of August last, the school, which is based out of Microsoft’s old office in South County Business Park, had 309 full-time equivalent students – down from 315 the previous school year.

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

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

Capital injection

The company running the school received a fresh capital injection of €1 million last September.

Last year, the schools recorded gross tuition fee income of €7.18 million and net tuition fees of €4.6 million after discounts of €2.55 million are taken into account.

The numbers of teachers at the school – which has a student capacity of 800 – increased from 47 to 61 last year, with 15 people employed in administration. Salary costs last year totalled €3.93 million.

The school opened in 2018 and the company’s accumulated losses to the end of August last total €16.7 million. The pretax losses for last year take account of €2 million in interest costs and non-cash depreciation costs of €3.1 million.