The University of Law has recorded a net profit of over £14m in its latest financial results, just a year after being purchased by private equity house Montagu Private Equity for £177m.
Accounts filed at Companies House reveal the UoL, formerly a charity, posted turnover of £53.3m over an 18-month period dating from February 2012 to July this year, alongside a retained loss of £7.7m which was attributed to investments made improving college facilities. The education body also paid zero UK corporation tax during this period.
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