Bellevue Education: Difference between revisions
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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 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}}</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> It is alleged that the group's 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> | 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> It is alleged that the group's 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|last=|first=|date=|website=Our Trustees|url-status=live|archive-url=|archive-date=|access-date=}}</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|last=|first=|date=|website=Our Trustees|url-status=live|archive-url=|archive-date=|access-date=}}</ref> | ||