Firstly let’s look at where Redhill Education
stands financially. At the end of the 2010/11 financial year Redhill education
reported an Earnings Before Interest, Tax, Depreciation and Amortisation
(EBITDA) loss of $1.10m and in the financial year that followed 2011/12 things
didn't seem to get any better, in fact they got worst with an EBITDA loss of
1.37m.
With each business unit and the consolidated
entity reporting positive EBITDA results for the 2012/13 financial year there
was finally an EBITDA profit of 1.29m for financial year ending June 2013. It
looks like Redhill Education has found a great direction and its financial
future is now looking stronger than ever.
Redhill Education relies heavily on
international student applications, so when international education started to
decline in 2010 so did Redhill Educations profits. There are many reasons for
the decline in international student applications and some of these include the
changes to the visa application process making it harder for international
students to gain citizenship after completing a course, the strong currency and
more educational competition offshore. The Australian 2013, Redhill climbs out of trough, viewed 6
March 2014, http://www.theaustralian.com.au/higher-education/redhill-climbs-out-of-trough/story-e6frgcjx-1226583744753#
Redhill education is a company that sells
education to Australian and international students. The company provides
English Language and a range of Information Technology, Design and Business programs
at both vocational and degree levels.
In 2006 Redhill education was established, with
an aim of becoming a leader in innovative, quality, outcome-driven education.
Redhill education is made up of four business units; these include Go Study
Australia, Greenwich English College, Academy of Information Technology (AIT)
and International School of Colour and Design (ISCD).
The Go Study unit recruits international
students that are wishing to travel to Australia in order to study. Go Study
has seven offices in 3 different countries, which include Italy, Spain and
Colombia and currently recruits over 2000 students per year for English,
vocational and higher education courses. This unit has grown student numbers,
revenue and profit contributions to the Redhill group by more than 25% year on
year.
The Greenwich English College unit teaches the
English language to international students and is known as one of the best
English language schools in Sydney catering to 600 students in its inner Sydney
campus. Greenwich is also the only Australian accredited provider of
Certificate Four in Teaching English to Child Speakers of other Languages.
The Academy of information Technology (AIT) has
both Australian and International students attending as its provides a range of
specialist vocational and higher education digital design, information
technology and multimedia programs. The campus has around 300 students and has
been the forefront of digital education in Australia and has been around since 1999.
Lastly the International School of Colour and Design (ISCD) was founded by Prue Royal in 1983, Redhill then acquired the unit in 2010. The ISCD is now an industry leader in providing design related courses to Australians and can be study on campus or via distance education. Redhill Education, 2010, About Us, viewed 5 March 2014, http://www.redhilleducation.com/about
Redhill has had some pretty big financial blows over
the past few years; however the company is now starting to reap the rewards of
their hard work. They are definitely not out of the dark yet, but things are
starting to look up for them. I have included some links below to more
information on the company.
Links and further interesting information:
No comments:
Post a Comment