CORONAVIRUS UPDATE 30/3/20 9:45am

On Friday we sent the following e-mail to our partner schools where we either deliver their PE or deliver teacher CPD through the PECS programme:

Good afternoon.

The government document, Guidance for schools about temporary closing, shares positive news regarding funding and ensuring schools meet their financial commitments. Given the current crisis this will, I’m sure, give you some relief.

Many businesses have disappeared overnight. Others will, unfortunately, continue to close. PEAK has a commitment to our team members and as such we want to assure that all staff continue to have a place of employment.

We have always prided ourselves on working in partnership with schools and I would like to reassure you now that PEAK have no intentions to profiteer from the current situation and we are committed to ensuring that our PE Delivery and PECS schools receive a pro rata share of EVERY savings or government cash injection into our company whilst this situation remains.

We, like every other company, still have several overheads such as office rental, accountancy costs and human resource costs that we are still required to pay whilst this crisis ensues. We will be furloughing some our staff and await guidance from the government on the this scheme. We are also awaiting contact from the local authority regarding any grants that we may be entitled to.

The company is NOT closing. All of our apprentices (who only work in one school) are still at work and therefore we will be retaining two members of staff to manage the company during this period.

We have re-modelled our budgeting tools to ensure that every cash saving, and government incentive is recorded in order for us to be able to ascertain every penny of savings that this company will receive during this situation.

Any surplus generated by Physical Education and Active Kids Ltd across this period WILL be added back as credit for your school to use in the next academic year.

Kind regards

David Johnson

CEO

PEAK are continuing to monitor the situation, however because our Risk Management Plan has allowed us to safely steer the company through the start of these troubling times we are also beginning to plan for 2020-21.

We are already speaking to schools regarding their requirements for next year and we have members of our team available to speak with regarding next year via either telephone or video call.

We are also looking at developing a new membership programme for our holiday camps whereby parents can become members for a small annual cost and in return receive advance notification of camps; a free camp t-shirt; a 25% price reduction on all bookings and extended (8am-5pm) hours. We hope to bring news of this to our customers shortly.

We are also using this time to develop our team with a new provider of online CPD courses which we hope to roll out this week.

Together we will ensure that PEAK come out of these troubling times stronger and better!

We wish all of you the very best in these difficult times. Stay well. Stay safe. We are all in this together and we look forward to seeing you all once this is over.