Eight English-language schools run by GEOS International Colleges Oceania have been placed in voluntary administration, leaving 2,300 international students facing the prospect of losing their places.
The administration, announced late on Friday, covers schools in Melbourne, Sydney, Adelaide, Perth, Brisbane, Gold Coast and Cairns.
The schools have about 390 employees and about 2,300 international students from a number of different countries.
Justin Walsh and Adam Nikitins of Ernst & Young have been appointed voluntary administrators to nine companies which operate the eight schools.
“School operations have been temporarily suspended while the financial situation of the companies and ability to fund future operations of the schools is assessed over the next few days,” the administrators said in a statement.
The pair hope to have a better understanding of the group’s financial position and the outcome for employees and students by the end of Monday.
GEOS Oceania is part of the GEOS Group, which operates language schools in North America, Europe, Singapore, South Africa, Korea and New Zealand.
Most of the schools in Australia have been running since the 1990s, while the Brisbane campus was established in 1987.
GEOS, which stands for Global Education Opportunities and Services, was founded in Japan in 1973 by Tsuneo Kusunoki.
James was the editor and publisher of SmartCompany and LeadingCompany for five years. He is now the Australian Financial Review‘s companies & markets editor, and a former BRW editor.
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