Enhancing Educational Excellence: 

Kingswood Bath School’s Strategic Financial Recovery

Kingswood Bath School in Bath is a prestigious independent private day and boarding school. Founded in 1748, it is the world's oldest Methodist educational institution known for its rich history and academic excellence. Kingswood provides a nurturing environment for students aged 9 months to 18 years and is renowned for its strong emphasis on academic achievement, character development, and a wide range of extracurricular activities, including sports, arts, and music. 

The challenge 

Despite Kingswood Bath's strong reputation and successful educational programs, the institution faced significant financial management challenges. The finance team was overwhelmed with managing outstanding payments from various stakeholders, including tuition fees. This situation strained the school’s cash flow and administrative resources, posing a risk to the seamless operation of its educational and extracurricular programs. 

Our approach 

Recommended to Kingswood Bath by the Methodist Independent School’s Trust, our team was engaged to manage and recover outstanding debts. We began with a comprehensive audit of their financial records and payment systems to identify discrepancies and outstanding payments. Our approach involved open communication with parents and stakeholders to address issues contributing to delayed payments and clarify payment terms. We implemented customised payment solutions for those facing financial difficulties, ensuring balances could be cleared without compromising relationships. 

Outcome 

Through our strategic intervention, we successfully recovered the full amounts owed to Kingswood School, significantly improving the school’s cash flow. Our efforts alleviated a substantial burden from the finance team, allowing them to focus on proactive financial management rather than reactive debt collection. As a result, Kingswood was able to reinvest in its educational programs and infrastructure, enhancing the overall student experience.