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Top marks as teacher college returns to profit

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Hibernia offers online third-level courses

Hibernia offers online third-level courses

Hibernia offers online third-level courses

Online teacher training company Hibernia College returned to profit in 2018 to record pre-tax profits of €507,794.

The company specialises in the provision of accredited online third-level courses for those seeking to teach.

New accounts show that Hibernia College Unlimited Company returned to profit after revenues increased by 8.3pc, to €10.89m from €10m, in the 12 months to the end of July 2018.

The pre-tax profits of €507,794 followed a pre-tax loss of €94,302  in fiscal 2017 - a positive swing of €602,096.

According to the directors' report, "following the restructuring of the company in 2015, the company has refocused on its core teaching training activities and continues to investigate opportunities to replicate its business model internationally, and within other educational and training centres".

The directors stated that they considered the company was well-positioned for significant growth.

Numbers employed by Hibernia totalled 82 and staff costs increased to €4.189m from €3.95m.

The directors are listed as Sean Rowland, Sara McDonnell and Sean Corkery, and pay to directors decreased to €314,138 from €328,807.

Indo Business