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Dateline: 7th January, 2007
Academy Drama School Closes The Academy Drama School in London's Whitechapel Road has gone bankrupt, leaving many of the 63 students on its two year evening course who had paid in advance with nowhere to go. One student told The Stage that they had been called to a meeting on the last day of the autumn term to be told that the school was to close and no money would be returned. Fees at the 22 year old school range from £200 for a week long audition cource to £1,400 per term for a six term full time evening course. Its selling point was providing acting training on an evenings-only basis to allown those who could not get grants to work during the day to pay for the course. Its website says:
Judith Reynolds told the newspaper that the reason for the failure was unpaid fees (£67,000) and their failure to increase fees enough over the years. "We looked at it in November," she said, "and realised we probably couldn’t get through January’s term, so we couldn’t take people’s money for it. There was nothing I could do to stop the school going." Please note that all three Archive indices are very long and will therefore take some time to download.
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