Nord Anglia results hit by overcapacity

Nord Anglia Education plc has reported revenues of £115.3m, an increase of 22% on the previous year’s £94.4m, and a loss before tax of £1.2m (2004: profit £3.4m) for the year ended 31 August 2005.The loss was attributed to the nursery division, Nord Anglia’s core business, trading below expectations due to adverse market conditions and…