Wey Education Plc (LON:WEY) Chairman David Massie talks to DirectorsTalk about how it provides a different kind of school that costs a 5th of the cost of a traditional independent school. David talks about the company’s background and what it is that they do, how their school operates, market size and potential customers, Asia as an opportunity, focus, strategy and news flow for the coming year.
The Group’s distinctive interactive schooling provides an alternative to a traditional “bricks and mortar” school. Historically many students came to InterHigh because its online nature resolved personal issues, such as anxiety or bullying. Increasingly students are more mainstream having decided that in today’s digital world, the increased flexibility and provision of digital information is a style of teaching which equips them for further study at University and then in the digital working world. 2016/17 has started with a record number of students with future growth anticipated during the year. The Board intends to build upon the solid foundation now created by future organic expansion of the core business, (including the new school) and development overseas, particularly in Asia, with a view to generating a positive return for shareholders in a timely fashion.
Wey Education plc is a United Kingdom-based company. The Company is an educational services and schools management business created to generate consultancy fee income and to take on management contracts for the running of schools in the United Kingdom State Education sector.