accounts | FE Week

Purse strings tighten for Multiverse as losses widen

Headcount drops and cash nearly halved in past year but leaders insist company is ‘trending towards profitability’

Hull College overspent by almost £10 million in 2016/17, overdue accounts reveal

Cash-strapped Hull College overspent by even more in 2016/17 than the previous year, according to its recently published and long-overdue accounts. The college, which reportedly received a massive £54 million government bailout earlier this year in order to balance the books, recorded a deficit before tax of £9.69 million in 2016/17 – an increase of […]

Hull College’s vast debts exposed

An impoverished college which took a £54 million bailout did so after declaring a deficit of close to £13 million in a single year. The revelation emerged from Hull College’s long-delayed 2015/16 accounts, which were finally published this week following pressure from FE Week. There have widespread demands for greater transparency on the college’s dire […]