TAKINGS TUMBLE AT STAGECOACH ARTS
PERFORMING arts school company Stagecoach said yesterday its profits before tax in 2011 were £650,000, a 10.5 per cent fall from the previous year’s figure of £727,000. The group – which runs 684 schools worldwide – said the drop in profitability was expected, after a significant investment in marketing and advertising. Network fees over the year edged up slightly, totalling £29.3m compared to £29.2m a year ago.