Private schools to go bust in the coming recession

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The mother of all recessions is coming in my view. The world economy is pushing towards a large scale and deep debt crises. This follows the explosion of government deficits, borrowing, and leverage in recent decades and now that debt is growing due to high interests. Governments are in eye watering debt, individuals are in debt and so are private schools.
In the last 5 years private schools have been on spending sprees with new builds and new facilities mostly for marketing appeal rather than need. But it’s all been funded on debt. I work for a building service solution company and the number of private schools in the last 5 years have exploded on our books all funded by debt.

I know of one boarding school now in trouble and they have sold off their build and it will be converted to flats.

Be careful folks out there. Times are not as good as these schools portray.

@TizerorFizz but they will have to expand if the not oversubscribed schools are far away. My son was born in 2013. So there should be a decline in number of applications to the secondary this year in my local area. But on the contrary, the distance offered on March 1st is even smaller for all schools with minor shifts depending on school last year GCSE performance. Most of the schools have a long waiting lists with so far movement of 1-2.

Obviously DC have to be able to get to the school!! In rural areas village schools do close. Dc go to a bigger school in the next village. It’s just what happens or we spend way more than we need. New schools are planned for growth areas. However if a new housing estate takes up school places then those displaced will be offered schools elsewhere. We cannot afford schools that are half full. Most dc in cities will not have far to go. Schools with declining rolls rarely offer a good experience for dc as they have slashed budgets as they are largely based on pupil census.

My personal view is not a distorted view for funding withdrawal or headlines. It’s how a number of schools are- lots have fewer children but not the amounts you are alluding to. Lots of ours have waiting lists.