Education in the UK is evolving at a pace and the short term outlook is challenging regardless of stage of provision.
Schools and academies are facing regulatory challenges and a limited safety net over funding. Sixth forms and Further Education colleges are under Area Reviews and have been hit by funding cuts; the attitude of lenders has shifted and there are massive strategic challenges; universities and alternative providers are contending with market changes (competition, Student Number Control, international, reductions in Teaching and Research funding) as well as a Green Paper which will work through this Parliament in some way (Teaching Excellence Framework, Office for Students and further competition with new universities coming into the sector).
Demographics add an interesting twist with rising 18 year olds dipping by 8% to 2020 but growth anticipated lower down in both Primary and Secondary, putting pressure in different parts of the system.
Whether in the public or private sector, we have a dedicated team of experts operating across the UK who are able to support providers in the challenging environments in which they operate.
Our services to the education sector range from audit to divestment, strategic advice at Board level to negotiating public/private partnerships. Our clients include a diverse range of universities, alternative providers, colleges, schools, academies and training providers as well as government agencies and NDPBs. Our work crosses both public and private sectors and runs from nursery to post graduate.
We work closely with the Department for Education, the Education Funding Agency, the Skills Funding Agency and the Higher Education Funding Council for England. We also work with a number of key sector bodies including the British Universities Finance Directors Group, the Association of Colleges and the College Finance Directors' Group.
We provide a wide range of advisory services ranging from strategic reviews, green energy (and tax), outsourced finance functions, mergers and acquisitions, bank financing (and re-financing) to university title applications. Our core services in education include:
- Assurance frameworks
- Business case development
- Business services support (accountancy and payroll)
- Data audit
- Debt advisory
- Due diligence
- e-Business solutions
- Employee taxes
- External audit
- Financial modelling
- Financial viability reviews
- Forensic investigations
- Governance reviews
- Information technology strategy, appraisal and testing
- Internal audit and risk advisory
- Procurement advisory
- Tax planning, compliance, group restructuring and international tax.
We also provide training and knowledge sharing to Board members and finance teams, ranging from technical accounting to governance and risk management to focused commercial topics.