The survey covered 189 independent schools with more than 350 pupils. It found fees income was up 5.1 per cent for the year 1997-98 and 87 per cent of the schools surveyed recorded surpluses totalling pound;74 million. The other 13 per cent recorded a deficit. Fifteen schools suffered a loss in fees income, some for the second year running.
* Benchmarking financial performance in independent schools, PricewaterhouseCoopers, Redcliff Street, Bristol BS1 6QR, pound;30.