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Music education

Reference
S8065
Turnover
Less than £0.5m
Sector(s)
Creative industries, Education
Region(s)
East Midlands, North West England, Wales, West Midlands, UK Wide
Added
27 September 2021

Business description

The Partnership is a business specialising in the delivery of curricular and extra-curricular music education offering services across the UK. The Partnership principally operates from school premises in the Midlands area, and is not bound to any leasehold or freehold premises.

The Partnership services include peripatetic music lessons, ensembles, recording sessions and international tours to young people throughout the UK. The Partnership has made significant advancements with their service delivery and increased the customer base by 17.5% during the UK lockdown. The demand for services is outstripping demand and as a response, the Partnership is about to launch a franchise offering of 99 territories. Embracing technological developments and a passion for excellent customer service has enabled the Partnership to generate respectable revenue and customer retention rates, giving them a distinct advantage over many other education providers.

A key focus of the Partnership’s business model is to keep overheads low at all times.

The Partnership currently benefits from governance from their Board of Non-Executive Directors, which have diverse skills sets including: IT, law and finance. The Partnership has 13 employees / Partners.

Assets available for sale include all educational materials, intellectual property, IT website, social platform, order book of current and future service level agreements, fixtures, fittings, office furniture, computer equipment and vehicles.

In 2019, the Partnership set up 6 sites around the UK, proving that its model could be launched nationally. Each of these sites were successful and the current education team have the ability to deliver in excess of 360 hours p/w of education services.

Turnover per the statutory accounts for the year ended 31 March 2021 was c.£195k, and earlier years’ statutory accounts show c.£250k for the year ended 31 March 2020. The Partnership has a holistic approach to services and society and as such voluntarily repaid furlough claims in excess of £30k.

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