Auditors for the private University of Buckingham said in its 2019 accounts there was “material uncertainty” over the institution’s ability to keep running, while it recorded a £17 million deficit that year and a potential £119,000 fine for late filing of accounts.
The university, fostered by Margaret Thatcher in its early days, has belatedly filed its financial statements for the year ended 31 December 2019 after a lengthy delay – but is yet to file its 2020 or 2021 statements.
The accounts show that Buckingham’s taking-on of a lease on the former Manchester Metropolitan University campus in Crewe – creating a health science campus offering biomedical and podiatry degrees in partnership with an Indian healthcare provider – was a factor in financial problems.
