The founder of an Oxford private school that is £1.4m in debt has been declared bankrupt, calling it a “rite of passage for an entrepreneur”.
Alexander Nikitich, the founder of Carfax College, has been declared bankrupt but said this will not impact the day-to-day running of the business.
Carfax Education Group offers tutors, university preparation and homeschooling, with offices in London, Oxford, Abu Dhabi, Dubai, Moscow and Monaco.
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On its website it states: “We are a global education group who help families achieve lifelong ambitions through personalising an expert-led educational journey.
“Rooted in tradition, our innovative approach fosters a…