Students hope to make it two-out-of-three in Europe
Five students from Midleton CBS are representing Ireland in the European Company of the Year competition which is being staged at the Savoy Hotel in London.
The CBS mini company known as Nova Productions have produced a quality book of short fantasy stories written by young people for young people and provided a medium for advertisers who wished to support child literacy. The book entitled Award-Winning Stories was aimed primarily at 10-12 year olds.
The company was formed last November and over a four-month period students raised 280 in share capital. They took in revenue of 3,510, from expenditure of just 168.68 a return on share capital of an incredible 1159%.
"They will compete against 20 schools representing European countries for the title of leading entrepreneurs. The school won the competition in 2001 and have a great company again this year," a CBS spokesman said.
The students arrived in London yesterday afternoon and immediately set up their trade stand in the famous hotel. The winner will be announced tomorrow.
The Midleton CBS mini company was selected to represent their county after beating off the challenge from six other regional finalists. The national competition, run by Junior Achievement/Young Enterprise Ireland, featured projects by more than 7,000 students representing 150 school companies.
Richard Ellard, managing director of the company, said: "I learned the importance of team spirit and effective planning, and I feel I have gained a valuable life skill."
The Irish Examiner is the media sponsor of the team.
