BPP Law School has outperformed the rest of the BPP training group over the first half of this year, announcing a 17% increase in turnover and an increase in profitability of nearly 50%.
The school released its unaudited results for the first six months of this year ending 30 June today (9 August), with turnover up from £16.65m for the equivalent period last year to a new mark of £19.5m.
Profits jumped from £2.62m for the first half of last year to £3.56m this year – a 49% increase in profitability excluding the investment the college has made trying to win the power to award degrees. Taking this £600,000 investment into account, profitability increased by around 35% against last year’s equivalent period.
The results come after it emerged last week that BPP had retained its status as exclusive provider to the City Legal Practice Course (LPC) consortium, which numbers firms including Slaughter and May and Norton Rose.
Carl Lygo, chairman of BPP Law School, told Legal Week: “The growth is down to the investment we have made in Leeds and Manchester becoming more profitable so we are no longer having to cover those costs. I am delighted that our Leeds and Manchester centres have been so successful – it will let us invest some of our surpluses for the future.”
By contrast, BPP Holdings – which includes subsidiaries such as Professional Education – saw operating profits fall by 8% to £10.2m, while turnover increased by 15% to £71.6m, .
BPP Law school has more than 5,000 students across the country, including around 750 in each of the Leeds and Manchester centres, studying the LPC, the Graduate Diploma in Law and, in Leeds, the Bar Vocational Course.
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