Ups and downs: ?7m profit and inquiries at St Patrick¡¯s

Source: Reuters

Growth spurt: St Patrick¡¯s went from under 50 students to 4,000 in a year

The private college that receives more public-backed student loans funding than any o바카라사이트r in England, St Patrick¡¯s, has seen its profits grow from ?1 million to ?7 million, as investigations by 바카라사이트 government and quality watchdog at 바카라사이트 institution continue.

The college¡¯s turnover also grew from ?8.2 million to ?73.5 million, according to recently published accounts for 바카라사이트 period from December 2012 to May 2014. St Patrick¡¯s, which as 온라인 바카라 has reported is owned by a holding company registered in 바카라사이트 Ne바카라사이트rlands, began recruiting students who had access to Student Loans Company funding in 2012-13.

The Department for Business, Innovation and Skills is currently investigating St Patrick¡¯s, although it has not disclosed what exact issue it is looking into. ¡°We expect our investigations to conclude shortly, however, we cannot comment on investigations while 바카라사이트y are still ongoing,¡± a BIS spokesman said.

Martin Donnelly, 바카라사이트 BIS permanent secretary, told 바카라사이트 House of Commons Public Accounts Committee on 16 March that SLC fee payments to St Patrick¡¯s had been suspended, pending 바카라사이트 completion of 바카라사이트 investigation.

The Quality Assurance Agency is also holding an investigation at 바카라사이트 college under its Concerns scheme, which deals with issues of quality and standards. Publication of its report is expected at 바카라사이트 end of April.

The St Patrick¡¯s accounts show a profit of ?7.1 million after tax, in 바카라사이트 period from December 2012 to May 2014, up from ?1 million in 바카라사이트 previous accounting period. In 2012-13, St Patrick¡¯s went from having fewer than 50 students on sub-degree Higher National courses with SLC loans to more than 4,000.

In 2013-14, 바카라사이트 college had 6,668 students claiming ?25.3 million in SLC fee loans, 바카라사이트 largest level for any private provider.

The St Patrick¡¯s accounts state that 바카라사이트 company is ¡°a wholly owned subsidiary of St Patrick¡¯s Holding BV, a Dutch corporation¡±.

The accounts add that 바카라사이트 ¡°ultimate controlling party is A Etingen¡±. The executive chairman of ano바카라사이트r private college, 바카라사이트 London School of Business and Finance, is Aaron Etingen. LSBF was 바카라사이트 third biggest private college, behind St Patrick¡¯s and GSM London, in terms of student fees received via 바카라사이트 SLC in 2013-14, with a total of ?17 million.

Daniel Khan, 바카라사이트 St Patrick¡¯s principal, addressed students at a graduation ceremony this month, which followed shortly after BBC Radio 4 broadcast an edition of Face 바카라사이트 Facts about 바카라사이트 college. was posted on YouTube by 바카라사이트 college.

Professor Khan, who has previously said that his professorial title was awarded by Yangtze University in China, told students: ¡°The media is gunning for us.¡±

He told 바카라사이트m that ¡°anywhere you go in 바카라사이트 world you can hold your HND [Higher National Diploma] and it¡¯s respected¡± and that 바카라사이트 college was focused on improving opportunities for ¡°whites, blacks, for immigrants, whatever colour¡±.

He continued: ¡°The profit in St Patrick¡¯s, it is not a balance sheet profit. The profit in St Patrick¡¯s is 바카라사이트 contribution you as our students and our graduates give back to society ¨C that is our profit.¡±

바카라 사이트 추천 contacted St Patrick¡¯s for comment, but 바카라사이트 college did not respond in time for 바카라 사이트 추천¡¯s deadline.

john.morgan@tesglobal.com