MyNewTerm
👤 Wayne Cartmel (Ex-teacher Wayne Cartmel lived school-hiring pain, then went £100k into personal debt to bootstrap the fix.)🌐 siteLinkedIn
Ex-teacher, £100k in personal debt, bootstrapped a school ATS to £5M and about 45% of UK academy trusts.
Will it work? · our read
Deep beats broad. A former teacher out-executed a PE-backed job board by owning the whole school hire, not the advert. Safeguarding compliance is a switching cost rivals never built.
01How the money moves
School or MAT subscribes to the ATS
→
Runs jobs plus safer-recruitment workflow
→
Recurring fees from 6,000+ schools
02The numbers
£5M+ (about $6.5M)Statedrev, founder-stated 2026
Jul 2026source:
surpassed £5M in revenue (2026, GBP)
MyNewTerm's own figures, stated on the Practical Founders podcast (2026). podcast
Bootstrapped, no VC; about £100k of founder debt to get there.
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- The CENTS scorecard — where it's strong, where it's soft
- The founder's key move, and the counter-move
- How it could die — the evidence, and how sure we are
- The case against our own call
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We rate our own confidence — and argue against ourselves. Nobody else in this category does.
Sources always public on all 529 cases · cancel anytime · 14-day refund
See a full teardown, free → ImportYetiSourcesSources last checked 5 August 2026
Practical Founders podcast — Wayne Cartmel: £5M revenue, 6,000+ schools, about 45% of MATs (2026)MyNewTerm — Our Journey (company & product)those who can — Edupreneur profile of Wayne CartmelMyNewTerm on LinkedIn (company)
Revenue 'surpassed £5M' is founder Wayne Cartmel's own figure, stated on the Practical Founders podcast (Jul 2026); it is not audited or filed, so STATED not FILED. The GBP-to-USD conversion (about $6.5M at roughly 1.30) is ours; the source's own figure is £5M. '6,000+ schools', '500 MATs', 'roughly 45% MAT market share' and '20 employees' come from the same episode. No public Companies House accounts showing turnover were reachable. Company and product confirmed on mynewterm.com. Modeled as saas because schools pay recurring subscriptions, though the product is a two-sided hiring marketplace. We never score you.