The company which operates the country’s most expensive private fee-paying day school last year recorded pretax losses of €2.7 million, even as the top annual fees rose to €22,356.
New accounts for Nord Anglia Education (Ireland) Ltd, which runs the Nord Anglia International School at Leopardstown in south Dublin, show the pretax loss of €2.74 million in the 12 months to the end of August last year is a 40 per cent decrease on the pretax losses of €4.5 million in the prior 12 months.
The school reduced its pretax losses after revenues increased by 53 per cent from €4.7 million to €7.2 million.
The revenue increase coincided with the student population increasing by 72 per cent or 224 from 309 in 2021 to 533 at the end of last August.
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The school teaches the International Baccalaureate diploma programme for students aged from three to 18.
The directors state that 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 provide a premium education across all ages despite the challenges that the global pandemic presented, they added.
The school has increased its fees in the past year. The top fee of €22,356 today compares to the top fee of €18,340 this time last year – an increase of 22 per cent.
The current annual fees for infants of €17,043 compared to annual fees for infants of €13,720 this time last year – a rise of 31 per cent.
Parents also face a one-time non-refundable enrolment fee of €1,600 for each student.
The average class size at the school is 22 and the pupil-teacher ratio is eight to one.
The school – home to 45 nationalities – is based in Microsoft’s former office in the South County Business Park.
Numbers employed increased from 76 to 96 that include 83 teachers.
Staff costs increased from €3.93 million to €4.5 million. The interest costs are made up of lease liabilities of €1.3 million and €624,989 in loan interest from group undertakings.
The school opened in 2018 and the company’s accumulated losses to the end of August last total €19.5 million. The company’s cash funds last year increased 11 fold from €258,289 to €2.9 million.
