Business
Update on ELT operations
Malvern International PLC is reshaping its English Language Teaching operations by closing its loss-making Adult ELT provision to focus on profitable areas like Pathways and Junior ELT, which is expected to generate annual savings of £0.2m to £0.6m from the year ending September 2027. The immediate closure cost for the year ending September 2026 is estimated at £0.3m, primarily for staff redundancies, and the goodwill value of the Manchester entity has been written off. Adult ELT students will transition to a competitor, with the Manchester premises subleased, while the London building lease will be retained for higher-margin higher education students. Disclaimer*
About this update from Malvern International Plc
[{"type":"text","content":"\n\n \nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain\n \n\n \n16 February 2026\n \nMalvern International PLC\n(\"Malvern\")\n \nUpdate on ELT operations\n \nMalvern International plc (AIM: MLVN), a global partner in learning and skills development, announces that, after a considered review, the Board has decided to reshape the Group's English Language Teaching (ELT) operations to focus exclusively on the profitable and growing areas of the Group, Pathways and Junior ELT / young learner camps and groups. As a result, the Group will be closing its loss-making Adult ELT provision over the next two weeks.\nThe closure of Adult ELT will create annual savings of between £0.2m and £0.6m for the year ending 30 September 2027. The immediate cost of closure for the year to 30 September 2026 is expected to be approximately £0.3m, largely due to staff redundancies. The goodwill value of the Manchester entity has been written off in the nine-month period ended 30 September 2025.\nCurrent and prospective Adult ELT students from both our Manchester and London schools will transition to a competitor school under the deal. Our Manchester school's premises will be taken over by the new school through a sublease. The building lease in London will be retained, and the Company is seeking to utilise the space for higher-margin higher education students.\nMark Elliott, Chairman of Malvern International, said: \"Following a detailed review, the Board concluded that a return to historic performance levels in Adult ELT is unlikely in the near term. As a result, we have made a considered decision to reshape ELT to allow us to focus on the strongest parts of the business - Higher Education and Juniors - improving earnings quality going forward.\"\n \nFor further information, please contact:\n \n\n\n\n\nMalvern International Plc\nRichard Mace - Chief Executive Officer\n\n\nwww.malverninternational.com\nVia Zeus\n\n\n\n\n\n\n\n\n\n\n\n\nZeus - Nominated Adviser and Broker\nMike Coe / James ...