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Wilson Hospital School in Ireland ended 2024 with a €67,211 surplus, driven by higher boarding fees, despite soaring insurance and legal costs.
Wilson Hospital School in Ireland reported a €67,211 surplus in 2024, reversing a prior loss, with revenues up 19% to €4.03 million, driven by higher boarding fees.
Insurance costs more than doubled, and legal and professional expenses surged sixfold, coinciding with a High Court dispute involving former teacher Enoch Burke, though the controversy was not mentioned in the financial report.
The school’s cash reserves grew significantly, and management consultants are developing a three-year plan to achieve profitability by June 2026, citing improved efficiency, debt recovery, and reduced liabilities.
The board maintains the school remains viable under a going concern basis.
Wilson Hospital School en Irlanda terminó 2024 con un superávit de € 67,211, impulsado por tarifas de internado más altas, a pesar del aumento de los costos de seguro y legales.