The Trustee of Wykeham House School Trust (02199674): administration
- Status
- Administration ended
- Administration began
- 2016-01-11
- Administrators
- Laurence Pagden, Simon Peter Carvill-Biggs
- Administrators' firm
- Menzies
- Incorporated
- 1987-11-27
- Location
- London
- Industry
- 85100 Pre-primary education
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company is limited by guarantee and is the trustee of Wykeham House School Trust, a registered Charity (registered charity number 307339) (‘the Charity”) The object of the Charity is the educational advancement of children in the District of Fareham and, in furtherance of that object, operated an independent day school, Wykeham House School, in Fareham, Hampshire From 1986 a girls school was operated from 15-19 East Street, Fareham, Hampshire, PO16 OBW, a freehold premises owned by the Company (“the freehold property”) A separate boys school, which commenced in January 2013, operated from leasehold premises at 6 High Street, Fareham, Hampshire PO16 7AN (“the leasehold property”) In practice, the school educated girls between the ages of 3 and 16 years and boys aged between 3 and 9
The school had experienced declining pupil levels for a number of years By way of example, in 2003/04 there were 310 girls on the school’s roll By September 2015 this had declined to approximately 134 pupils, despite the school now offering places to boys as well as girls The directors believe that the reason for the decline in pupils was a result of an increase in competition from local independent schools and the boys school not attracting as many pupils as anticipated
As a result of the decline in pupi! numbers, losses were incurred and by the year ended 31 July 2015 these had reached approximately £246,000
Administrators' statement of proposals (2016-03-10) · Companies House register