Wey Education Plc

Achieve

Outstanding Progress And Outstanding Results

About Wey Education

Wey Education plc is the AIM listed holding company of an educational group providing services online worldwide.

Using state of the art digital technology, Wey operates two established divisions – InterHigh, a non-selective fee paying online secondary school, established in 2005 and a B2B division serving other educational providers, schools, local authorities and other public bodies under two brands, Wey ecademy and Academy21. Wey is also developing two additional schools – Quoralexis, an online language school teaching English as a Foreign Language, and Infinity Education, a premium fee paying online school offering a selective education.

With a 12 year track record, Wey is the UK’s leading company in this sector and has successfully educated thousands of students over its history. Although “for profit”, Wey is conscious that its services directly affect the lives of its pupils and students and therefore strives to ensure they achieve outstanding progress and outstanding results.

We can help you achieve higher standards of education for pupils, school and parents

Our People

David L Massie (Executive Chairman)

David has over thirty years’ experience in financial services; as well as his advisory work, has acted as Chairman of a number of publicly quoted and privately owned companies.

He has worked throughout Europe and North and South America and has been ranked as one of the “Outstanding Chairmen in the United Kingdom” in relation to his non-executive roles.

David is Chairman and CEO of IAF Capital Limited, a corporate finance and investment management firm, authorised and regulated by the Financial Conduct Authority. David acts and has acted as advisor to the United Kingdom Government and several overseas governments.

Jacqueline Daniell (Executive director)

Jacqueline is one of the founders and was previously the Chief Executive of InterHigh whose roles have included overseeing enrolments, partnerships and new ventures.

Jacqui studied Architecture at Nottingham University, and later part time postgraduate degrees in Management at Glamorgan and Town and Country Planning at the University of West of England, Bristol, and spent most of her career working as a Project Manager on large building development projects. In 2005 she was involved in the design of InterHigh and then took on the administrative responsibilities of the school.

John Bridges (Non-executive director)

John Bridges has worked in the City for over fifty years. The majority of his first twenty years was in institutional stockbroking and the remainder in public company corporate finance.

Dame Erica Pienaar (Non-executive director)

Erica has had a long and distinguished career in education and was appointed a Dame for her services to education in the 2014 Queen’s birthday honours list.

Until her retirement in September 2013, she was Executive Head Teacher of the Leathersellers’ Federation of Schools. The Federation was established in September 2008 in Lewisham and comprises three Colleges: Prendergast-Hilly Fields College, Prendergast-Ladywell Fields College and Prendergast-Vale College. The federation is a “hard federation” led by a single governing body.

She began her career as a Science Teacher in 1973 and taught for 40 years in South East London. She was the Head Teacher of Prendergast School (Hilly Fields) from 1998 to 2008. At Crofton School (renamed Prendergast-Ladywell Fields College), Erica substantially improved the fortunes of the school which had been a struggling school with a falling student roll.

Barrie Whipp (Non-executive director)

Barrie is Executive Chairman of Crimson Tide Plc (AIM:TIDE) which he founded in 1996 and formulated the ideas behind the Group’s mpro5 solution in 2003.

Previously, he founded the financial services arm of Tiphook plc and was Group Managing Director of IAF Group Plc. He served as a non-executive director of Wills Group plc as well as a number of private companies.

Barrie has a particular interest in education, having served as a Governor of Frant Church of England Primary School for 8 years, latterly as Chair of Governors. He has an Honours degree in History from the Open University and currently studies online with the University of Derby.

Our Group

The Group’s main operating divisions are:

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InterHigh founded in 2005, has a 12 year track-record of delivering online schooling for UK based and international fee-paying pupils. Our virtual school offers pupils a fresh relationship with learning. From small beginnings the school now caters for approaching 1000 pupils between 10 and 19 years old, offering a wide range of IGCSE, A/S and A-Level subjects. It is a complete school with full academic, pastoral and enrichment programmes ensuring that the young men and women who join the school study successfully for their future career choices.

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Wey ecademy provides services and tuition to other education providers and schools both in the UK and overseas across a broad range of subjects and curricula. This can be teaching of individual subjects including iGCSE and A levels or specialist vocational courses. We also offer short term support for a young person with the aim of re-engaging them in their education and we can offer a more comprehensive longer term service depending on what is required.

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Academy21 is a specialist in providing 'Alternative Provision' online. It delivers services designed to help schools, local authorities and other public bodies such as children's homes meet the challenge of delivering short, medium and long term provision for pupils with complex behavioural, medical and mental health issues. It provides a balance of academic challenge and educational engagement through quality teaching and learning with flexible study programmes - responding directly to the challenges schools and local authorities face in securing high quality, cost effective alternative education provision.

The Group’s developing business are:

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Infinity Education is the UK’s leading premium online school offering a selective education. Our qualified specialist subject teachers use cutting edge technology to provide real time lessons in a wide range of subjects. Our pupils aim to achieve top grades at both GCSE and A Level and move on to study at leading universities in the UK and abroad. We offer a broad educational experience designed to equip our pupils with the confidence and the skills to succeed. Infinity Education provides the needs of the 21st Century teenager, helping them to achieve exceptional academic standards and outcomes.

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Quoralexis Learning delivers online English language provision to learners of EFL (English as a Foreign Language) and EAL (English as an Additional Language). We deal directly with other educational providers and institutions, both in the UK and overseas, to meet their individual and group teaching and learning requirements, by providing online English language classes for playgroups, kindergartens, primary schools, secondary schools, study-centres, colleges and universities. The B2B nature of our provision offers significant flexibility to the providers we work alongside, allowing them to offer a range of online English language courses at all levels and for all abilities.

Careers

With 12 years in the education industry, Wey Education prides itself on its quality of service and seeks excellence from all its employees.

We are always looking for highly exceptional, enthusiastic and dedicated candidates to join our group that have good technical and interpersonal skills.

We pay competitive salaries which reward employee progress and effort, this enables us to recruit and retain high-calibre individuals, so If you think Wey Education can benefit from your skill set please complete the form opposite.

Investors

Governance

The Board is responsible for the governance of the Company, governance being the systems and procedures by which the Company is directed and controlled. A prescribed set of rules does not itself determine good governance or stewardship of a company and, in fulfilling their responsibilities, the Directors believe that they govern the Company in the best interests of the shareholders, whilst having due regard to the interests of other ‘stakeholders’ in the Group including, in particular, customers, employees and creditors.

As an AIM company, Wey Education plc is not required to comply with the UK Corporate Governance Code (the ‘Code’) which applies only to fully listed UK companies and adherence to which requires the commitment of significant resources and cost. However high standards of Corporate Governance are a key priority of the Board and details of how the Company addresses key governance issues are set out in the Corporate Governance section of this website by reference to the 12 principles of Corporate Governance developed by the Quoted Companies Alliance.

Significant Shareholders

As at 8 January 2018 the Company had been notified of the identity and percentage holdings of the Company’s significant shareholders as set out in the table below:

Shareholder Name (* Director)Number of Shares% Holding
Livingbridge VC LLP27,142,85621.42%
David L Massie*20,608,43016.27%
Miton Group18,386,97214.51%
Paul Daniell and Jacqueline Daniell*13,065,15710.31%
Unicorn AIM VCT plc9,772,7287.71%
Guiness Asset Management5,714,2864.87%
Killik and Co LLP3,761,5562.97%

There are no restrictions on the transfer of Wey Education’s AIM shares. The Company is not listed on any other exchanges or trading platforms.

AIM Rule 26

This section of the website contains information required to be disclosed by AIM Rule 26 of the AIM Rules for Companies.

Business Description

A description of the business can be found at Our Group.

Company Directors

The names and brief biographical details of the directors are available at Our People.

Corporate Governance

A description of matters relating to Corporate Governance and the Board and Board Committees are included in the Corporate Governanance section.

Incorporation

Wey Education plc is a company incorporated in England and Wales with company number 06342555.  The main country of operation of the Company is England.

Constitutional Documents

The Company’s Memorandum and Articles of Association are available in the Reports section.

Shares in Issue

As at 21 November 2017 the Company has 126,695,764 shares in issue, of which 62.95% are not in public hands.

All notifications made by the Company

All notifications are available in the Company Announcements section.

Admission Document

A copy of the Company’s Admission Document is available for download.

UK City Code on Takeovers and Mergers

The Company is subject to the UK City Code on Takeovers and Mergers.

Advisers

Company Name

Wey Education plc (incorporated in England & Wales)

Company Secretary

David L Massie

Registered Office

Third Floor
43-44 New Bond Street
Mayfair
London
W1S 2SA

+44 207 518 9700

Auditors

Shipleys LLP
10 Orange Street
Haymarket
London
WC2H 7QD

+44 207 312 0000

Registrars

Neville Registrars Limited
Neville House
18 Laurel Lane
Halesowen
West Midlands
B13 3DA

+44 121 585 1131

Nominated Advisor and Broker

W H Ireland
4 Colston Avenue,
Bristol,
BS1 4ST,
United Kingdom

+44 117 945 3420

In the Media

RSS WEY – DirectorsTalk

  • Ultimate STEM Challenge brings students together 23rd April 2018
    Vicky Parson, science teacher at InterHigh School, talks about online science education and how her students prepared for the Ultimate STEM Challenge. Two students from online secondary school InterHigh competed in this year’s Ultimate STEM Challenge final at the Science Museum on 12 March. InterHigh set out in 2015 to create an independent online secondary school that offered […]
  • Q&A with David Massie Chairman at Wey Education PLC (LON:WEY) 10th April 2018
    Wey Education's David Massie discusses the key points of their recent company update in this exclusive interview with DirectorsTalk The post Q&A with David Massie Chairman at Wey Education PLC (LON:WEY) appeared first on DirectorsTalk.
  • INTERVIEW: Wey Education Positive about Academy 21 Acquisition 6th April 2018
    Wey Education Plc (LON:WEY) Chairman David Massie talks to DirectorsTalk about its latest company update. David talks through the key points, explains why the FD appointment was made, progress on Academy 21, strategy going forward, what we can expect from interim results in May and details of the next investor evening. Wey Education plc is […]
  • Wey Education Plc updates including one on the Acquisition of Academy 21 5th April 2018
    -- Appointment of new Company Secretary and Finance Director Designate -- Interim Results date -- Progress with Academy 21 acquisition -- Investor Evening Appointment of new Company Secretary and Finance Director Designate As previously announced, Barry Nichols-Grey is to be appointed Company Secretary and Finance Director Designate of the Company and he takes up his […]
  • InterHigh pupils reach the finals 14th March 2018
    This year, InterHigh Education entered the BP Ultimate STEM Challenge. Key stage 3 pupils were encouraged to complete one of 3 projects, all centred around sustainability: Handy Hydro, Brilliant Biogas, or Parched Plants. Because InterHigh is an online school, we know that the pupils acquire skills and then demonstrate excellent independence, creativity and curiosity, and we were […]
  • InterHigh: The top 5 questions we are asked 12th February 2018
    Here at InterHigh, we are frequently asked lots of questions by prospective parents and pupils, many of whom are unfamiliar with what an online school is. Below are answers to five of the most popular questions we are asked. 1. How does it work? Pupils login to their own dashboard to access all areas of […]

Contact Us

For all enquiries please email us at info@weyeducation.com or write to us at:

Wey Education plc
Third Floor
43-44 New Bond Street
London
W1S 2SA

T: +44 207 518 9700