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FE budget cuts continue to impact Protocol National

publication date: Apr 1, 2013
Protocol National, the largest third party provider of staff to FE colleges in the UK, has reported an operating profit of £1.6m (2011: £1.9m) for the year ended 30 June 2012 on revenue down 11% to £32.5m (2011: £36.5m), according to accounts filed recently at Companies House. The continued decline in sales and profit in FY12 was due to ongoing funding pressures on FE colleges. However, the company reports it is committed to working in partnership with FE colleges to provide value for money solutions and believes it is well positioned to support the evolving needs of colleges. The company expects FY13 to deliver a similar financial performance.

Protocol National is controlled by Bridgepoint Capital, and provides supply teachers, recruitment services and assessment and training services to FE colleges. In August 2011, Bridgepoint Capital sold Protocol Education, its UK school teacher supply business, to the Graphite Capital backed Education Personnel Holdco Limited, for £31.2m (including fees). Bridgepoint Capital is yet to find a buyer for Protocol National.

Bridgepoint Capital’s other education investment is education publisher Infinitas Learning which it acquired for €774m in June 2007 from Wolters Kluwer.

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