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Articles about Building Schools For The Future

Not so fast with the bubbly, RM: IT biz faces £40m schools-sized hole

Just when education supplier RM is getting itself back on track, it has revealed that a £40m black hole will emerge in its accounts when Blighty's Building Schools for the Future programme is finally shuttered. The UK firm stumbled in fiscal 2011 as it posted steep losses, managed to recover somewhat in fiscal 2012 and is back …
Paul Kunert, 08 Jul 2013
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PC addict RM finally quits its building habit, plans to axe 300 jobs

Under-fire education tech specialist RM has finally admitted what the rest of the industry already knew: that it can't make money building PCs and will instead concentrate on developing software and services. It has been a rocky three years for RM, starting with the government's gradual closure of the Building Schools for the …
Paul Kunert, 23 Oct 2013
The Register breaking news

Council forks out £160m: The last of the schools deal cash

A north-west council has awarded one of the last contracts under the BSF school building programme. The contract includes ICT services. Halton Borough Council has awarded a 15-year Building Schools for the Future (BSF) contract to HTP LEP for work including computer-related services and the installation of telecommunications …

'Eventful but positive' year for RM as it quits the PC-making world

Shape-shifting education supplier RM was in philosophical mood as it exited a biz-changing fiscal '13 with profits up and revenues down, impacted by fewer – but higher margin – Building Schools for the Future contracts. Turnover in the 12 months to 30 November fell nine per cent year-on-year to £261.7m (8.4 per cent excluding …
Paul Kunert, 03 Feb 2014

Schools IT biz RM back in black after caning from UK gov

RM is back in the black following the recent cost-cutting activity that saw it offload multiple business units and axe 17 per cent of its workforce. The education IT supplier made profit before tax of £600,000 in the six months to 31 March compared to a loss of £1.4m in the same first half year period a year earlier. Turnover …
Paul Kunert, 09 Jul 2012
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Report reveals patchy ICT provision in schools

The standard of technology provision in schools varies widely, despite spending of £487m on ICT equipment and services last year, according to the findings of independent review commissioned by the education secretary Michael Gove. Sebastian James, group operations director at Dixons Retail, was commissioned to lead the review …

RM: Killing our PC unit hit our top line, but our bottom line is pert

Murdering the PC building biz was always going to result in some top-line slippage for Brit specialist education tech supplier RM, but the move to shutter the production line hasn't hurt profits, quite the opposite. The Oxford-based biz today reported half-year numbers to 31 May with sales down more than 22 per cent to £92.1m …
Paul Kunert, 07 Jul 2014
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UK.gov's axing of school building plan 'unlawful'

The government's decision to dump England's school building programme has been overthrown in the High Court, with a judge describing education Secretary Michael Gove's plans as "unlawful". Mr Justice Holman said today that the coalition's actions to end the scheme in July 2010 were "an abuse of power", reported the BBC. The …
Kelly Fiveash, 11 Feb 2011

RM CEO: We didn't even try to sell PC biz before killing it

Education tech supplier RM didn't even test the appetite among rivals or privateer equity firms to buy its flattering PC biz before murdering it because the business was only just keeping its head above water. The long-standing system builder this week quit the business to concentrate on higher margin software and services. …
Paul Kunert, 01 Nov 2013
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Besa predicts £9.8m drop in schools' ICT spending

The British Educational Suppliers Association says that ICT spending in primary and secondary schools will fall this year. In its annual report on ICT trends in UK state schools, the association estimates that primary school ICT budgets will decrease by 2.2 per cent in 2009-10, while those of secondary schools are likely to see …
Kable, 01 Oct 2009

'£100m For Sale' sign plonked outside Northgate MS - sources

Northgate Managed Services (NMS) is up for sale and investment banking biz Jefferies International is doing the hawking, claim sources close to the company. "Northgate Managed Services is up for sale, the reality is that the business has been offered to a number of firms," said a person familiar with the matter. It is …
Paul Kunert, 12 Sep 2012
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BSF programme boosts schools' IT spending

Education spending on ICT will be accelerated by the Building Schools for the Future programme, according to research by Kable. Investment in new technology for secondary schools has grown faster than any other part of the state education sector over the past three years and this is set to continue, the research says. Overall, …
Kablenet, 21 Aug 2008
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Newcastle strikes schools IT deal

Newcastle City Council has set up a service organisation to run the provision of IT for some of its schools. It has signed a contract with Dell to support the delivery of an IT managed service for the Building Schools for the Future programme. A spokesperson for the company told Government Computing News that the council would …
Kablenet, 21 Apr 2006
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Subdued RM says government cuts challenge its business

IT schools supplier RM has blamed the government's allocation of education funds for what it described as "subdued" market conditions. The company issued an interim management statement this morning in which it said it expected to see a decline in UK Learning Technologies sales in the 12-month period to September 2011. " …
Kelly Fiveash, 10 Feb 2011
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RM shares take a caning following Board warning

Specialist education IT supplier RM has issued a warning that results for the year ending September may fall below expectations as market conditions remain challenging on both sides of the pond. The market reacted badly to the interim management statement for the trading period from April Fools' Day to 21 July, sending the share …
Paul Kunert, 22 Jul 2011
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RM walks the line

RM saw no indications of a fall in spending in its markets for the first half of its fiscal year, and said expectations for the full year remain unchanged. The education IT supplier said trading was in line with management’s plans covering the period from 1 October 2008 to 6 February 2009. However, it also pointed out that “ …
Kelly Fiveash, 09 Feb 2009
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RM flogging or axing units in painful shake-up

Education supplier RM - faced with no uplift in market conditions on the horizon - is laying off staff, and flogging or shuttering some of its loss-making subsidiaries. The move plunged its share price by nearly a quarter. The LSE-listed firm today revealed it will axe more than one-fifth of the workforce as it restructures its …
Paul Kunert, 29 Sep 2011
globalisation

RM threatens to axe 300 staff

RM has told up to 300 staff that their necks are on the line following the completion of last month's strategic review. The cost-cutting programme is in response to plummeting education ICT budgets, which sources estimate are down in some cases by as much as 50 per cent. Specialist education supplier RM has already parted with …
Paul Kunert, 03 Nov 2011
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RM's high school musical hits all the right notes

RM expects to see sales grow in the full year, thanks in part to the recent purchase of US-based Computrac. The educational software and services supplier said in an interim management statement today that trading in RM's first three quarters meant the company remained on track to meet expectations for its financial year, which …
Kelly Fiveash, 04 Aug 2009
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IOD: Slash UK.gov IT, save public cash

A report by the Institute of Directors and the TaxPayers' Alliance says that cutting government IT projects could slash millions from public spending. Proposals include abolishing Building Schools for the Future, ContactPoint, the NHS National Programme for IT and ID cards. Becta, the technology organisation for the education …
Kable, 14 Sep 2009
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Industry vetted for school portals

Ten education suppliers have been given permission by BECTA, the procurement quango for education, to sell learning portals to schools and colleges. Like other framework agreements under EU rules, the Learning Platform Services Framework, allows buyers to spend large amounts of money at a whim with vetted suppliers without …
Mark Ballard, 04 Jan 2007
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Credit crunch hits school rebuilding programme

The National Audit Office says councils are struggling to borrow money under the Private Finance Initiative to build schools fitted with new ICT In a report on Building Schools for the Future (BSF), the programme to rebuild secondary schools and equip them with the latest technology, the NAO says that during 2008 problems in the …
Kablenet, 13 Feb 2009
The Register breaking news

That wasn't so bad

The success of every project depends on identifying and managing risk factors. These two case studies illustrate how broad and specific risks can affect your project’s progress. New year, new school at Culcheth The project to rebuild Culcheth High School, near Warrington, took place between 2008 and 2010 under the Building …
Ken Young, 26 Nov 2010
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RM named preferred bidder

RM has been selected to implement and manage a new ICT service for 16 secondary schools and eight primary schools in Stoke-on-Trent, which will serve up to 14,000 pupils. Stoke-on-Trent City Council invited RM to become preferred bidder for its Building Schools for the Future (BSF) contract on 7 September 2006, subject to …
Kelly Fiveash, 18 Sep 2006
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RM ties up IT school deal with Newham council

RM Plc has bagged a contract to supply computing and IT services to the London Borough of Newham. The deal, estimated to be worth about £53m over an 11 year period, is RM’s third government contract win this year for the Building Schools for the Future (BSF) programme. Under the new agreement, the firm will provide the services …
Kelly Fiveash, 11 Apr 2008
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RM gets fingers into school biometrics market

RM has grown another tentacle with the acquisition of education technology supplier Orchard Partners Ltd. The firm, which trades as EasyTrace, has been bought by RM for a total consideration of up to £2.8m. UK schools computer supplier RM will initially pay £1m in cash and £1.3m in loan notes redeemable after more than two …
Kelly Fiveash, 31 Jul 2008
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RM wins £6.4m contract

RM has won a £6.4m contract from Solihull Council to provide the authority's schools with ICT services. The deal is part of the borough's Building Schools for the Future (BSF) programme. As well as providing services to existing schools, RM will be involved in designing and developing ICT for planned education investment. RM …
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RM talks tough market

Schools provider RM posted reasonable results for the six months ended 31 March, in what it described as "tough market conditions". Revenues were up five per cent to £114.2m on the same period a year ago and profit before tax was £2m, reversing a loss of £0.9m last year. The firm said budget pressure on individual schools was …
John Oates, 15 May 2006
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Morse expects second half revenue dip

Morse expects to report a slight dip in revenues from continuing operations in its second half compared to its first half of the year, the company announced in a trading update this morning. The services group said its margins on that revenue would reflect the benefit of its cost cutting program through the year and the …
Joe Fay, 09 Jul 2009
globalisation

RM ups profits on flat revenues

Schools provider RM posted flat turnover but a ten per cent increase in profits for the year ended 30 September 2005. The prelimary results reveal turnover for the period was £263m, the same as last year, but profits were up 11 per cent to £12.8m, from £11.6m in 2004. Profit before tax but after goodwill payments was £5.5m, …
John Oates, 21 Nov 2005
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Northgate expects education bonanza

Northgate posted bullish results yesterday, despite its HQ going up in a ball of flames last December. As well as destroying Northgate's head office and main data centre, the Buncefield oil depot fire also razed its emergency services division to the ground. It still managed to generate 62 per cent more revenue in the year to …
Mark Ballard, 06 Jul 2006
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Morse signals tough times

Morse shares fell by almost a quarter today after the technology consultancy announced lower profits for the nine months ended 31 March 2009 and a dispute over one of its contracts. The company said it made an operating loss of £400,000 in the three months ended 31 March. In the last nine months it made revenues of £156.9m, down …
John Oates, 24 Apr 2009
3com

3Com mounts school Wi-Fi fightback

3Com has decided to fight the hysteria over WiFi in schools. The company has hooked up with a reseller that specialises in the education market called 802.UK to promote "second-generation wireless" - by which it means enterprise-class managed WLANs - for schools. The companies said they will offer free wireless information …
Bryan Betts, 29 Jun 2007
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Government outsourcing shifts to front line

An emphasis on meeting policy outcomes and an increase in local procurement are set to create a more diverse market for government outsourcing. New research from Kable shows that growth is likely to revolve around front line services, demanding that contractors are better able to integrate with government systems, and contracts …
Kablenet, 21 Sep 2007
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RM chalks up flat revenues

RM posted its annual reults today, showing the firm had grown profits on the back of flat revenue figures. The education IT supplier operated at a pre-tax profit of £14.5m, or £0.115 per share, on revenues of £262.3m, down slightly on 2005's £262.7m. RM managed to squeeze its margins though, and profit numbers were up 26 per …
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Public private partnerships no panacea, report says

A report on public private partnerships says they are not a simple solution to improving government assets. Public private partnerships (PPPs) are being hindered by unproven ICT systems and specification changes, which disregard time or budget implications, according to a survey of PPP specialists by financial market …
Kablenet, 13 Apr 2007
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Redstone 'delighted' after year of takeovers

Redstone, the long-time loss-making fixed-line telecoms firm,has morphed into a new age IT and telephony hybrid with a positive bank balance after a year of financial restructuring and acquisitions. The turnaround followed the arrival in 2005 of a new management team led by CEO Martin Balaam and CFO Tim Perks. The last year has …
Mark Ballard, 08 Jun 2007

Capita to provide Southampton 'Gateway'

Southampton has outsourced its IT services to Capita, despite criticism of the procurement process and concerns about local jobs. Southampton City Council has signed a 10 year IT outsourcing contract with Capita to upgrade the authority's IT systems and improve its "Gateway" contact centre. Capita is expected to deliver wider …
Kablenet, 24 Aug 2007