Not for profit - yet;Diary

24th September 1999, 1:00am

Share

Not for profit - yet;Diary

https://www.tes.com/magazine/archive/not-profit-yetdiary
KEVIN McNeany, the cuddly face of capitalism, braved a sceptical audience of those public service types who occasionally feel just a little threatened by Kevin’s company, Nord Anglia, and its ever-expanding work in the state sector.

Education’s first millionaire, who has taken his first steps into local authorities by taking over services at Hackney, joined a panel in Manchester at a conference organised by the British Education Management Administration Society (stop yawning at the back). He didn’t exactly get roughed over (you don’t get that sort in BEMAS), but he did get some close questioning from the assorted heads, academics and researchers.

Just how, for example, did he propose to make a profit - the word apparently uttered by delegates as if it left a nasty taste in their mouths - without doing anything dastardly such as driving down wages?

With that impish grin of his, Kevin said simply: “That’s for me to know and you to find out.”

He did, however, admit, with a quick look over his shoulder (“I don’t want to panic my shareholders”) that Nord Anglia hasn’t made a single penny from the state sector - yet. Nor could he see how anyone could make the fortune predicted by some.

“We do intend to make a profit eventually but it is unlikely to be huge,” he said. Very reassuring.

Want to keep reading for free?

Register with Tes and you can read two free articles every month plus you'll have access to our range of award-winning newsletters.

Keep reading for just £1 per month

You've reached your limit of free articles this month. Subscribe for £1 per month for three months and get:

  • Unlimited access to all Tes magazine content
  • Exclusive subscriber-only stories
  • Award-winning email newsletters
Recent
Most read
Most shared