Although pupil numbers in private education remain buoyant, it remains a competitive marketplace. Last year’s fee increases were the lowest ever recorded – just 3.5% year-on-year – whilst pupil support (bursaries and scholarships) increased by 5%. With UK inflation at nearly 3% it seems likely that private schools will come under some financial pressure. Moreover, Labour’s threat to impose VAT on school fees has subsided for now, but has it gone away for good?
Caught in the middle is the school bursar with the task of juggling day-to-day expenses against the cost of repairs, refurbishments and long-term capital investments.
A Fresh Perspective
“It wasn’t raining when Noah built the Ark”.
Even if your school is in good financial shape it might be prudent (and best practice) to ask an external procurement expert to review your overheads. Does your workload prevent you from looking at every cost area in the level of detail you would like? A fresh pair of eyes – and a fresh perspective – will often unearth new opportunities.
Auditel are professionals in school procurement. We have helped many schools to manage their costs more effectively in areas such as ICT, water, energy, catering, stationery/educational supplies etc.
Can we help?
If you’re interesting in hearing how Auditel can help you, please contact me.