Private college unable to recruit enough students
GSM London, one of the biggest private higher education providers in England, has gone into administration. Teaching will stop in September.
The college said on its website that it has not been able to “recruit and retain sufficient numbers of students to generate enough revenue to be sustainable”.
It teaches about 3,500 students, many of them on accountancy courses. Administrators BDO are now working with GSM to enable all tuition, classes and exams to continue as planned for the semester. The college explained that discussions are already underway with other higher education providers “to identify options”.
The college, based in Greenwich and Greenford, also says some 247 jobs are at risk.