An Ofsted grade one apprenticeship provider has pulled out of apprenticeship delivery and government-funded skill bootcamps due to a change in “market attractiveness”.
Avado Apprenticeships Limited, formerly known as BC Arch Limited, is switching its focus to growing business lines of “professional qualifications and AI technology software as a service (SaaS) products”.
The company, which was one of the largest providers of apprenticeships in England with 1,350 starts in 2021/22, has seen its turnover and profit drop in recent years.
Avado Apprenticeships’ latest financial report, for 2021, shows turnover dropped 29 per cent that year (from £16.9 million to £12 million) and gross profit went down from 53 to 29 per cent, “largely due to the increase in subcontractor costs for new standards”.
