Accountancy Training Company Faring Well

Tue, 12 Aug 2008

BPP Holdings, the accountancy training agency, is faring well given the economic turmoil on the financial markets . The training company has shown steady growth as well as growing demand for its flexibile accountancy courses .

The training agency reveals strong growth amid growing demand for more flexibile accountancy courses. It reported a 10% pre-tax profit increase for the first six months of 2008, highlighting a good appetite for professional qualifications given the current downturn.

The company made profits of £9.7m in contrast to £8.8m for that same period in 2007, with professional education income increasing by 14%.

This reflects the need for individuals to increase their level of business skills, as well as progress in their careers . Employers are also encouraging employees to get further qualifications.

BPP’s recent in house business review highlighted the need to develop its accountancy training. The agency is in particular considering the development of its question and revision day courses which are aimed at students improving pass rates for accountancy qualifications.

Furthermore, BPP is launching a masters in accountancy which aims to take a share of the lucrative £1.2bn postgraduate accountancy market.

The company’s earnings per share went up by 15% from 12p to 13.8p. Its dividend per share increased by 10% from 6.10p to 6.70p, with the company making recorded profits of £9.7m in contrast to £8.8m for the same period last year. Moreover, professional education revenues have gone up by 14%.
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