London School of Business and Finance has licence revoked for the second time

Sep 11, 2015

The London School of Business and Finance (LSBF) has once again had its sponsor licence revoked after failing to remain compliant with the Home Office’s increasingly stringent regulations regarding licence holders.

Part of Global University Systems (GUS), which had another of its institutions’ licences revoked earlier this year, the LSBF cannot sponsor any new non-European Union students or workers. The college has 20 working days to appeal, although according to a statement released by the UKVI, “existing sponsored students and workers may continue with their studies or employment until a final decision on the status of the licence is made by the Home Office.”

Since the coalition government began allowing private colleges to expand in 2010, the LSBF has grown rapidly and recruits a large number of overseas workers and students under the Tier 2 and Tier 4 sponsor routes respectively.

The LSBF are confident of being reinstated on the register of licensed sponsors once the UKVI have received “representations correcting errors in the UKVI’s initial statement” according to a spokesperson.

Having your sponsor licence revoked is a serious matter and is detrimental not just to your future opportunities for recruiting the best and brightest, but also your reputation. Implementing robust recruitment and compliance processes is imperative. For further information on our sponsor licence and compliance services, do not hesitate to contact us.