The parent company of BPP Law School has announced flat profits in its interim results, despite a strong performance by the law division, which has been boosted by an explosion of part-time students.
Pre-tax profit at the professional education group for the six months ended 30 June was £5.54m, a marginal decrease on the £5.55m recorded over the same period last year.
The law division, its second largest after accountancy and tax, has outperformed its parent company BPP Holdings with turnover up 28 per cent to £10.1m. Turnover for the whole group was £57.6m, up just 3 per cent on last year.
BPP Law School chairman Carl Lygo attributed the impressive growth to a huge increase in students taking the LPC part-time and through distance learning. In the past 18 months, the school has gone from having 250 part-time students to 1,216.
“I guess it’s got to do with people not being able to afford to do it full-time,” he said. “Part-time courses are quite good value because they cost less than full-time ones and you can pay them in instalments over the two years.”
He also said that an increasing amount of people who had gone into the City working as financial advisers were taking the conversion course as law was a more stable business environment.
Lygo revealed that the new law school in Leeds, which opens next month, has attracted so many applications that it has doubled the amount of places available to meet demand. The school will now take 180 instead of the 90 students planned, subject to Law Society approval.
The opening of the Leeds school forms part of a massive expansion programme. Next year, BPP will open another school in Manchester.