Bellevue Education: Difference between revisions
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{{Use dmy dates|date= | {{EngvarB|date=March 2020}} | ||
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{{Infobox company | {{Infobox company | ||
| type = Education | | type = Education | ||
| founded = 2003 | | founded = 2003 | ||
| founder = Mark Malley | | founder = Mark Malley | ||
| location_city = | | location_city = London | ||
| location_country = | | location_country = United Kingdom | ||
| locations = 21 schools across the UK, France and in Switzerland | | locations = 21 schools across the UK, France and in Switzerland | ||
| key_people = Mark Malley (CEO), Steven Wade (Schools Director), Jay Varkey (Board) | | key_people = Mark Malley (CEO), Steven Wade (Schools Director), Jay Varkey (Board) | ||
| industry = Independent | | industry = Independent schools and colleges | ||
| logo = Bellevue Logo.png | | logo = Bellevue Logo.png | ||
| homepage = [http://www.blvue.com/ www.blvue.com] | | homepage = [http://www.blvue.com/ www.blvue.com] | ||
| parent = Bellevue Education International Limited | | parent = Bellevue Education International Limited | ||
}} | }} | ||
'''Bellevue Education''' is an international private schools group founded in 2003 and based in London, UK.<ref>{{Cite web|url=https://beta.companieshouse.gov.uk/company/04924426|title=Company House | '''Bellevue Education''' is an international private schools group founded in 2003 and based in London, UK.<ref>{{Cite web|url=https://beta.companieshouse.gov.uk/company/04924426|title=Company House|date=Company address|website=Company House|url-status=live}}</ref>. By 2019 it has grown to consist of 19 schools in the UK and 1 each in France and Switzerland.<ref name="EdInvestor2012">{{cite news|title=Bellevue Education continues empire building|url=http://www.educationinvestor.co.uk/ShowArticle.aspx?ID=3012|accessdate=9 November 2014|work=Education Investor Website|publisher=Education Investor|date=22 October 2012}}</ref><ref>{{Cite web|url=http://www.blvue.com/our-schools/|title=Bellevue Schools|website=Our Schools|url-status=live}}</ref> The Group also provides educational support to Bellevue Place Group,<ref>{{Cite web|url=https://www.bpet.co.uk/|title=Bellevue Place Trust|website=Bellevue Place Trust|url-status=live}}</ref> a group of [[Free school (England)|Free Schools]] to which Bellevue's CEO, Mark Malley, and its Group Schools Director, Steve Wade, are Trustees.<ref>{{Cite web|url=https://www.bpet.co.uk/about-us/trustees/|title=Bellevue Place Trustees|website=Our Trustees|url-status=live}}</ref> The group's early growth was driven by funding derived largely from Tarek Obaid, the founder of the oil company PetroSaudi, which has been implicated in the [[1Malaysia Development Berhad scandal]].<ref>Jon Ungoed-Thomas and Josh Boswell for the Sunday Times 10 April 2016 [http://www.thesundaytimes.co.uk/sto/news/uk_news/National/article1686389.ece Saudi oil tycoon revealed as investor in schools company]</ref><ref name="sarawakReport">{{cite web|title=How 1MDB's Stolen Money Funded Top UK Private Schools|url=http://www.sarawakreport.org/2016/04/how-1mdbs-stolen-money-funded-top-uk-private-schools/|website=sarawakreport.org|publisher=Sarawak Report|accessdate=12 April 2016}}</ref> Bellevue Education was acquired by GEMS Education in 2018, and is a UK and European subsidiary of the Group.<ref name=":0">{{Cite web|url=https://www.theassignmentreport.com/articles/20180831_27|title=GEMS Global completes acquisition of a controlling stake in Bellevue Education|website=Assignment Report|url-status=live}}</ref> In 2019, CVC acquired a 30% stake in GEMS Education, which also includes its stake in Bellevue Education.<ref name=":1">{{Cite web|url=https://www.ft.com/content/ab178020-a309-11e9-a282-2df48f366f7d|title=CVC-led consortium to take 30% stake in Dubai's GEMS Education|website=Financial Times|url-status=live}}</ref> | ||
== History == | == History == | ||
Bellevue Education was founded under the name House Education by Mark Malley in 2003, when he bought Norfolk House [[Preparatory school (United Kingdom)|preparatory school]] in London.<ref name="DellamCompanyInfo">{{cite web|url=http://www.dellam.com/04924426-BELLEVUE%20EDUCATION%20GROUP%20LIMITED.html|title=BELLEVUE EDUCATION GROUP LIMITED|website=Dellam Corporate Information Limited|accessdate=9 November 2014}}</ref><ref name=MarkMalleyCompanyCheck>{{cite web|title=Mark William Malley: Director Summary|url=http://companycheck.co.uk/director/913742040|website=Company Check|accessdate=9 November 2014}}</ref> | Bellevue Education was founded under the name House Education by Mark Malley in 2003, when he bought Norfolk House [[Preparatory school (United Kingdom)|preparatory school]] in London.<ref name="DellamCompanyInfo">{{cite web|url=http://www.dellam.com/04924426-BELLEVUE%20EDUCATION%20GROUP%20LIMITED.html|title=BELLEVUE EDUCATION GROUP LIMITED|website=Dellam Corporate Information Limited|accessdate=9 November 2014}}</ref><ref name=MarkMalleyCompanyCheck>{{cite web|title=Mark William Malley: Director Summary|url=http://companycheck.co.uk/director/913742040|website=Company Check|accessdate=9 November 2014}}</ref> He also became the headteacher, and when the school was inspected in 2007 it was reported to be significantly improved from its previous inspection.<ref name=2007NorfolkHouseReport>{{cite web|title=2007 Inspection Report on Norfolk House School|url=http://isiservice.devprocess.com/HtmlReportViewer.aspx?r=1217_07.htm|website=Independent Schools Inspectorate|publisher=Independent Schools Inspectorate|accessdate=23 January 2016}}</ref> | ||
In 2008 House Education was renamed The Really Great Education Company Limited (EDCO) and purchased Weston Green School in Surrey.<ref name="DellamCompanyInfo" /><ref name=AdAgency>{{cite web|title=EDCO|url=http://www.theagencyforeducation.co.uk/work.php?item=edco&sub=2|website=The Agency for Education|accessdate=9 November 2014}}</ref> It also purchased [[Skippers Hill Manor Preparatory School]] in East Sussex in 2010.<ref name=EMCSkippersHill>{{cite web|title=EMC brokers a bright new future for Skippers Hill Manor School|url=http://www.emcltd.co.uk/news/success-stories/emc-brokers-a-bright-new-future-for-skippers-hill-manor-school|website=EMC|accessdate=9 November 2014}}</ref><ref name=AdamSmithInstReport2010>{{cite web|last1=Croft|first1=James|title=Profit-Making Free Schools: Unlocking the Potential of England's Proprietorial Schools Sector|url=http://www.adamsmith.org/sites/default/files/resources/ASI_School_report_WEB.pdf| | In 2008 House Education was renamed The Really Great Education Company Limited (EDCO) and purchased Weston Green School in Surrey.<ref name="DellamCompanyInfo" /><ref name=AdAgency>{{cite web|title=EDCO|url=http://www.theagencyforeducation.co.uk/work.php?item=edco&sub=2|website=The Agency for Education|accessdate=9 November 2014}}</ref> It also purchased [[Skippers Hill Manor Preparatory School]] in East Sussex in 2010.<ref name=EMCSkippersHill>{{cite web|title=EMC brokers a bright new future for Skippers Hill Manor School|url=http://www.emcltd.co.uk/news/success-stories/emc-brokers-a-bright-new-future-for-skippers-hill-manor-school|website=EMC|accessdate=9 November 2014}}</ref><ref name=AdamSmithInstReport2010>{{cite web|last1=Croft|first1=James|title=Profit-Making Free Schools: Unlocking the Potential of England's Proprietorial Schools Sector|url=http://www.adamsmith.org/sites/default/files/resources/ASI_School_report_WEB.pdf|publisher=Adam Smith Institute|accessdate=9 November 2014}}</ref> | ||
The company adopted the name Bellevue Education Group in 2011, prior to acquiring three more independent schools: Edenhurst Preparatory School in Staffordshire, Brabyns Preparatory School in Cheshire, and Gateway School in Buckinghamshire.<ref name="DellamCompanyInfo" /> | The company adopted the name Bellevue Education Group in 2011, prior to acquiring three more independent schools: Edenhurst Preparatory School in Staffordshire, Brabyns Preparatory School in Cheshire, and Gateway School in Buckinghamshire.<ref name="DellamCompanyInfo" /> | ||
In 2012, Bellevue Education Group was reported to be jointly owned by Mark Malley, with a 35% stake, and its | In 2012, Bellevue Education Group was reported to be jointly owned by Mark Malley, with a 35% stake, and its chairman Marwan Naja, owner of Plato One Ltd and Plato Two Ltd.<ref name="EdInvestor2012" /> Further investment in that year by Plato Two Ltd coincided with the establishment of Bellevue Education International Limited, of which Bellevue Education Group became a wholly owned subsidiary.<ref name="2011AnnualAccounts">{{cite web|title = Bellevue Education Limited – Annual Accounts|url = https://www.companiesintheuk.co.uk/company/documentextract/56750437|website = Companies in the UK|publisher = Bellevue Education Group Limited|accessdate = 9 November 2014|archive-url = https://web.archive.org/web/20141110003623/https://www.companiesintheuk.co.uk/company/documentextract/56750437|archive-date = 10 November 2014|url-status = dead}}</ref><ref name="Shareholders">{{cite web|title = Bellevue Education International Limited: Shareholders|url = http://companycheck.co.uk/company/08028529/BELLEVUE-EDUCATION-INTERNATIONAL-LIMITED/group-structure|website = Company Check|accessdate = 9 November 2014}}</ref> The parent company completed the acquisition of a Swiss boarding school, Surval Mont-Fleuri, subsequently renamed as [[Surval Montreux]].<ref>{{cite news|url=http://www.educationinvestor.co.uk/ShowArticle.aspx?ID=3012|title=Bellevue Education continues empire building|date=22 October 2012|work=Education Investor Website|publisher=Education Investor|accessdate=9 November 2014}}</ref> The group's early growth was driven by funding derived largely from Tarek Obaid, the founder of the oil company PetroSaudi, which has been implicated in the [[1Malaysia Development Berhad scandal]].<ref>Jon Ungoed-Thomas and Josh Boswell for the Sunday Times 10 April 2016 [http://www.thesundaytimes.co.uk/sto/news/uk_news/National/article1686389.ece Saudi oil tycoon revealed as investor in schools company]</ref><ref name="sarawakReport">{{cite web|title=How 1MDB's Stolen Money Funded Top UK Private Schools|url=http://www.sarawakreport.org/2016/04/how-1mdbs-stolen-money-funded-top-uk-private-schools/|website=sarawakreport.org|publisher=Sarawak Report|accessdate=12 April 2016}}</ref> | ||
Bellevue Education formed a joint venture with Place Group, [[Bellevue Place Education Trust|the Bellevue Place Education Trust]] (BPET), which operates seven, state funded, primary "[[Free school (England)|Free Schools]]" across London and the South-East.<ref name=MasterFundingAgreement2013>{{cite web|title=Bellevue Place Education Trust Free Schools: Master Funding Agreement|url=http://www.education.gov.uk/cgi-bin/schools/performance/school.pl?urn=139775&downloadfs=pdf&numfile=0|website=Department for Education: School Performance Tables|publisher=Department for Education|accessdate=10 November 2014}}</ref><ref name=TrustDirectorsReport2013>{{cite web|title=Bellevue Place Education Trust: Director's Report and Financial Statements for the year ending 31st August 2013|url=http://www.education.gov.uk/cgi-bin/schools/performance/school.pl?urn=139775&downloadar=pdf|website=School Performance Tables|publisher=Department for Education|accessdate=10 November 2014}}</ref> The Group's CEO, Mark Malley, and School Director, Steve Wade, form part of the Trustees of Bellevue Place.<ref>{{Cite web|url=https://www.bpet.co.uk/about-us/trustees/|title=Bellevue Place | Bellevue Education formed a joint venture with Place Group, [[Bellevue Place Education Trust|the Bellevue Place Education Trust]] (BPET), which operates seven, state funded, primary "[[Free school (England)|Free Schools]]" across London and the South-East.<ref name=MasterFundingAgreement2013>{{cite web|title=Bellevue Place Education Trust Free Schools: Master Funding Agreement|url=http://www.education.gov.uk/cgi-bin/schools/performance/school.pl?urn=139775&downloadfs=pdf&numfile=0|website=Department for Education: School Performance Tables|publisher=Department for Education|accessdate=10 November 2014}}</ref><ref name=TrustDirectorsReport2013>{{cite web|title=Bellevue Place Education Trust: Director's Report and Financial Statements for the year ending 31st August 2013|url=http://www.education.gov.uk/cgi-bin/schools/performance/school.pl?urn=139775&downloadar=pdf|website=School Performance Tables|publisher=Department for Education|accessdate=10 November 2014}}</ref> The Group's CEO, Mark Malley, and School Director, Steve Wade, form part of the Trustees of Bellevue Place.<ref>{{Cite web|url=https://www.bpet.co.uk/about-us/trustees/|title=Bellevue Place|website=Our Trustees|url-status=live}}</ref> | ||
Bellevue Education was acquired by GEMS Education in 2018, and is a UK and European subsidiary of the Group.<ref name=":0" /> In 2019, the private equity group [[CVC Capital Partners]] acquired a 30% stake in GEMS Education, which also includes its stake in Bellevue Education. [[Khazanah Nasional]], Malaysia's sovereign fund, owns a 3% stake.<ref name=":1" /> | Bellevue Education was acquired by GEMS Education in 2018, and is a UK and European subsidiary of the Group.<ref name=":0" /> In 2019, the private equity group [[CVC Capital Partners]] acquired a 30% stake in GEMS Education, which also includes its stake in Bellevue Education. [[Khazanah Nasional]], Malaysia's sovereign fund, owns a 3% stake.<ref name=":1" /> | ||
The Group has continued its growth with its new shareholders, and recently acquired Farlington School in September 2019.<ref>{{Cite web|url=http://www.educationinvestor.co.uk/showarticle.aspx?ID=8127&AspxAutoDetectCookieSupport=1|title=Bellevue acquires UK school | The Group has continued its growth with its new shareholders, and recently acquired Farlington School in September 2019.<ref>{{Cite web|url=http://www.educationinvestor.co.uk/showarticle.aspx?ID=8127&AspxAutoDetectCookieSupport=1|title=Bellevue acquires UK school|website=Education Investor|url-status=live}}</ref> | ||
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Revision as of 22:46, 7 March 2020
Template:EngvarB Template:Use dmy dates Template:Infobox company Bellevue Education is an international private schools group founded in 2003 and based in London, UK.[1]. By 2019 it has grown to consist of 19 schools in the UK and 1 each in France and Switzerland.[2][3] The Group also provides educational support to Bellevue Place Group,[4] a group of Free Schools to which Bellevue's CEO, Mark Malley, and its Group Schools Director, Steve Wade, are Trustees.[5] The group's early growth was driven by funding derived largely from Tarek Obaid, the founder of the oil company PetroSaudi, which has been implicated in the 1Malaysia Development Berhad scandal.[6][7] Bellevue Education was acquired by GEMS Education in 2018, and is a UK and European subsidiary of the Group.[8] In 2019, CVC acquired a 30% stake in GEMS Education, which also includes its stake in Bellevue Education.[9]
History
Bellevue Education was founded under the name House Education by Mark Malley in 2003, when he bought Norfolk House preparatory school in London.[10][11] He also became the headteacher, and when the school was inspected in 2007 it was reported to be significantly improved from its previous inspection.[12]
In 2008 House Education was renamed The Really Great Education Company Limited (EDCO) and purchased Weston Green School in Surrey.[10][13] It also purchased Skippers Hill Manor Preparatory School in East Sussex in 2010.[14][15]
The company adopted the name Bellevue Education Group in 2011, prior to acquiring three more independent schools: Edenhurst Preparatory School in Staffordshire, Brabyns Preparatory School in Cheshire, and Gateway School in Buckinghamshire.[10]
In 2012, Bellevue Education Group was reported to be jointly owned by Mark Malley, with a 35% stake, and its chairman Marwan Naja, owner of Plato One Ltd and Plato Two Ltd.[2] Further investment in that year by Plato Two Ltd coincided with the establishment of Bellevue Education International Limited, of which Bellevue Education Group became a wholly owned subsidiary.[16][17] The parent company completed the acquisition of a Swiss boarding school, Surval Mont-Fleuri, subsequently renamed as Surval Montreux.[18] The group's early growth was driven by funding derived largely from Tarek Obaid, the founder of the oil company PetroSaudi, which has been implicated in the 1Malaysia Development Berhad scandal.[19][7]
Bellevue Education formed a joint venture with Place Group, the Bellevue Place Education Trust (BPET), which operates seven, state funded, primary "Free Schools" across London and the South-East.[20][21] The Group's CEO, Mark Malley, and School Director, Steve Wade, form part of the Trustees of Bellevue Place.[22]
Bellevue Education was acquired by GEMS Education in 2018, and is a UK and European subsidiary of the Group.[8] In 2019, the private equity group CVC Capital Partners acquired a 30% stake in GEMS Education, which also includes its stake in Bellevue Education. Khazanah Nasional, Malaysia's sovereign fund, owns a 3% stake.[9]
The Group has continued its growth with its new shareholders, and recently acquired Farlington School in September 2019.[23] Template:Collapse bottom
References
- ↑ "Company House". Company address. https://beta.companieshouse.gov.uk/company/04924426.
- ↑ 2.0 2.1 "Bellevue Education continues empire building". Education Investor Website (Education Investor). 22 October 2012. http://www.educationinvestor.co.uk/ShowArticle.aspx?ID=3012. Retrieved on 9 November 2014.
- ↑ "Bellevue Schools". http://www.blvue.com/our-schools/.
- ↑ "Bellevue Place Trust". https://www.bpet.co.uk/.
- ↑ "Bellevue Place Trustees". https://www.bpet.co.uk/about-us/trustees/.
- ↑ Jon Ungoed-Thomas and Josh Boswell for the Sunday Times 10 April 2016 Saudi oil tycoon revealed as investor in schools company
- ↑ 7.0 7.1 "How 1MDB's Stolen Money Funded Top UK Private Schools". Sarawak Report. http://www.sarawakreport.org/2016/04/how-1mdbs-stolen-money-funded-top-uk-private-schools/. Retrieved on 12 April 2016.
- ↑ 8.0 8.1 "GEMS Global completes acquisition of a controlling stake in Bellevue Education". https://www.theassignmentreport.com/articles/20180831_27.
- ↑ 9.0 9.1 "CVC-led consortium to take 30% stake in Dubai's GEMS Education". https://www.ft.com/content/ab178020-a309-11e9-a282-2df48f366f7d.
- ↑ 10.0 10.1 10.2 "BELLEVUE EDUCATION GROUP LIMITED". http://www.dellam.com/04924426-BELLEVUE%20EDUCATION%20GROUP%20LIMITED.html. Retrieved on 9 November 2014.
- ↑ "Mark William Malley: Director Summary". http://companycheck.co.uk/director/913742040. Retrieved on 9 November 2014.
- ↑ "2007 Inspection Report on Norfolk House School". Independent Schools Inspectorate. http://isiservice.devprocess.com/HtmlReportViewer.aspx?r=1217_07.htm. Retrieved on 23 January 2016.
- ↑ "EDCO". http://www.theagencyforeducation.co.uk/work.php?item=edco&sub=2. Retrieved on 9 November 2014.
- ↑ "EMC brokers a bright new future for Skippers Hill Manor School". http://www.emcltd.co.uk/news/success-stories/emc-brokers-a-bright-new-future-for-skippers-hill-manor-school. Retrieved on 9 November 2014.
- ↑ Croft, James. "Profit-Making Free Schools: Unlocking the Potential of England's Proprietorial Schools Sector". Adam Smith Institute. http://www.adamsmith.org/sites/default/files/resources/ASI_School_report_WEB.pdf. Retrieved on 9 November 2014.
- ↑ "Bellevue Education Limited – Annual Accounts". Bellevue Education Group Limited. https://www.companiesintheuk.co.uk/company/documentextract/56750437. Retrieved on 9 November 2014.
- ↑ "Bellevue Education continues empire building". Education Investor Website (Education Investor). 22 October 2012. http://www.educationinvestor.co.uk/ShowArticle.aspx?ID=3012. Retrieved on 9 November 2014.
- ↑ Jon Ungoed-Thomas and Josh Boswell for the Sunday Times 10 April 2016 Saudi oil tycoon revealed as investor in schools company
- ↑ "Bellevue Place Education Trust Free Schools: Master Funding Agreement". Department for Education. http://www.education.gov.uk/cgi-bin/schools/performance/school.pl?urn=139775&downloadfs=pdf&numfile=0. Retrieved on 10 November 2014.
- ↑ "Bellevue Place Education Trust: Director's Report and Financial Statements for the year ending 31st August 2013". Department for Education. http://www.education.gov.uk/cgi-bin/schools/performance/school.pl?urn=139775&downloadar=pdf. Retrieved on 10 November 2014.
- ↑ "Bellevue Place". https://www.bpet.co.uk/about-us/trustees/.
- ↑ "Bellevue acquires UK school". http://www.educationinvestor.co.uk/showarticle.aspx?ID=8127&AspxAutoDetectCookieSupport=1.