Quoted Business speaks to David Sprigg, joint managing
director and founder of Stagecoach Theatre Arts, about how the
business is performing at the moment.
Stagecoach Theatre Arts is an Aimlisted, market-leading
franchise network of part-time performing arts and sports schools
for youngsters. The business has yet to see much negative impact
from the downturn in economic activity and managing director David
Sprigg believes that the sector is particularly resilient. In fact,
Stagecoach's network fees in June and July grew 5%
year-on-year, cash balances hit a peak of £2.3m in June and
it opened several new UK schools in September.
Bucking the trend
"Our underlying business is actually doing better than it
was a year ago," says David. "This is our third recession
and we've survived all of them since we started the business in
1988. We put it down to the strength of the brand and the fact that
parents tend not to cut back on children's education in tougher
times,
