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Operating profit up at Skilldrive

publication date: May 31, 2012
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Skilldrive Limited, the West Nottinghamshire College company behind BKSB Functional Skills Solutions, has reported an operating profit of £862k (2010: £644k profit) for the year ended 31 July 2011 on revenue up 11% to £2.1m (2010: £1.9m), according to accounts filed recently at Companies House. All taxable profits made by Skilldrive are transferred by deed of covenant to West Nottinghamshire College. The company has no employees and was incorporated in January 1997 principally to handle the college’s trading activities in an efficient manner for VAT purposes.

 

BKSB, the most significant trading entity within Skilldrive, provides online solutions for English, Maths and ICT which focus on the skill gaps of each individual student. BKSB’s assessments and resources are used during lessons, study sessions and at home for homework and revision. Around two-thirds of FE colleges in England subscribe to BKSB. Deferred income at 31 July 2011 was £1.5m compared to £0.9m in the prior year. West Nottinghamshire College is based in Mansfield.

 

www.bksb.co.uk


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