Between 2012 and 2015, Learndirect's profits declined 85%, while student failure rates doubled in its educational programmes, and achievement rates for its apprenticeships dropped below Ofsted's 62% minimum to qualify for grants. During this period, 84% of Learndirect's profits were redirected to its parent firm to pay for dividends, debt-servicing, and legal fees, as well as half a million pounds to sponsor the Marussia F1 racing