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Displaying items by tag: SchoolsCompany

This article is a follow-up to my previous Government  At Last Takes Action against SchoolsCompany (Indirectly) on the main news page.

The above headline is based on the hypothetical assumption that the founder of the academy Trust SchoolsCompany, Elias Achilleos, along with Heinrich Zimmerman, one of the Directors, appear to have vanished after running a number of companies across the world, most of which apart from SchoolsCompany Limited have now closed down, and most never appear to have operated. I make no comment on the other founding Directors. If any of my assumptions or conclusions are incorrect, then I am of course happy to change or if necessary withdraw the article.

SchoolsCompany

One can only speculate how the track record below persuaded the government that SchoolsCompany Limited, set up in 2011, was a suitable organisation to run an Academy Trust, take responsibility for its finances, and provide its support services. Its founding CEO ran at least three Limited Companies between 2006-2011, all of which were dissolved before the appointment. One was engaged in unspecified business activities (which was wound up by application of its main creditor – HM Government!), one an entertainment company, the third offering administrative and support service activities, with no evidence of any educational background at this stage.  

Published in Peter's Blog
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Update 14 September: I have now published a second article on my Blog Page, looking at various items of background. 

I first covered the issues at SchoolsCompany in an article back in 2014 as it guided Castle Community College in Deal into Special Measures,  along with Lilac Sky Schools (see below). Both of these companies were highly rated by Kent County Council at the time and had contracts to support several schools. The SchoolsCompany Trust subsequently sponsored Castle as an academy in 2016, renaming it as ‘SchoolsCompany Goodwin Academy’, a pretentious title which went with some of the fantastical schemes hatched up by the trust’s CEO, none of which came to fruition, including the non-existent Royal Academy for Construction and Fabrication in Nigeria.  The Trust collapsed in 2018 after existing for just three short years, reportedly being £8 million in debt, £4 million of which had been run up during SchoolsCompany’s management of Castle Community College.  

SchoolsCompany

The government is finally taking action against four of the previous Trustees of the Trust, after three years investigating this financial scandal, although a Report promised a year ago has still not been published. For some reason, they have evaded a direct intervention, even at this late stage. The arm's length and convoluted procedure explained in SchoolsWeek has the government funding the newly appointed sole current Trustee, a Management Consultant with experience in overseeing dissolved companies, to sue previous trustees in an attempt to recover £2.8 million of 'lost public funds’, the remaining millions having been written off. In the intervening three years, according to SchoolsWeek, Elias Achilleos the former Chief Executive appears to have vanished completely.

SchoolsCompany no longer comes under the government’s Education and Skills Funding Agency which is responsible for academies, having had all of its schools removed, and has amazingly become a charity. BBC SW screened an Investigation in February 2020 analysing the financial affairs of SchoolsCompany, to which I contributed. The programme reported that the police were examining the company’s finances to see if fraud had been committed, but we have heard no more of this. 

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The appalling stories of these two Academy Trusts, eventually closed down by the government, both demonstrated shocking management practices, with a great deal of money vanishing along the way. Both have both been the subject of government investigations which began over two years ago and are still not completed. In September 2019 we learned that the Lilac Sky Schools Academy Trust (LSSAT) investigation was finished but that publication was held up for ‘fact-checking' which is apparently continuing a year later, suggesting an awful lot of facts! For SchoolsCompany, I am told that ‘due process is ongoing with regard to this investigation’, two years after it started! You will find copies of two recent letters from the DfE to me here confirming what are surely unacceptable delays given the amount of money mislaid. 

I have written extensively about both Academy Trusts previously and it is clear that government failure to act when their failings first came to light has played a significant part in both the appalling standards which children endured in the Trusts' schools and the large financial rewards accruing to those in charge. Perhaps this disgraceful delay in releasing the facts of the financial finagling is so that the whole thing can be swept under the carpet and the millions of pounds which were lost through wrongly pumping them into the two companies forgotten. No one will ever be held to account for the dodgy dealings of the companies behind both Trusts and the appalling treatment of children under their care, especially at SchoolsCompany. Meanwhile, the Trust leaders have gone on their way rejoicing without even an acknowledgement of regret.

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Elias Achilleos, the founder and until recently, CEO of the financially mismanaged SchoolsCompany Trust, responsible for SchoolsCompany Goodwin Academy in Deal and three PRUs in Devon, has at last resigned, on 18th May (my thanks to a subscriber to this website for informing me). My previous article sets out the background to this debacle.

Goodwin Academy

All the other Directors with responsibility for the Trust as it plunged into deficit taking Goodwin Academy with it, had previously departed along with the salaries most drew from the Trust, and it is now run by a team put in by the Regional Schools Commissioner.

Published in Peter's Blog

Update 6th April: events elsewhere in the Trust see 'Central Devon Academy' below.

Updated 15th February: see also comment below.

KM Online 16th February shows details of the job losses at this previously recovering school, expected because of the failures of SchoolsCompany. 

The new Interim Chief Executive of SchoolsCompany Trust has apologised in a letter to parents of pupils at the Goodwin Academy for ‘previous financial failings, which are unacceptable’.

Sadly, this has come as little surprise to me, as I foresaw issues as early as 2014, when I noted in an article that SchoolsCompany had contributed to the startling decline of the predecessor school Castle Community College (CCC), in Deal from Ofsted Outstanding to Special Measures in three short years. As a reward SchoolsCompany took over as sponsor of the school as recently as July 2016. The school was awkwardly renamed SchoolsCompany Goodwin Academy, presumably to advertise the name of the Sponsors as a priority, above creating a new school image.     

The Academy limped on for a period, after 2014, with the 'support' of SchoolsCompany,  unpopular with a third of its places unfilled, and underperforming, although there have recent strong signs of improvement under new school leadership. Unusually, eight of the eleven Company Trustees were paid a salary by the Trust, hardly an inducement for encouraging scrutiny. After the school received a Financial Notice to Improvefrom the Education and Skills Funding Agency (ESFA) in October, seven of the Trustees resigned including the Executive Principal of the Company This left the school with just four Trustees including the CEO and founder of the company, Elias Achilleos, although he now appears to have been replaced by the new Interim Chief Executive.  The Trust has demonstrably failed some of the Financial Notice's requirements for improvement. 

Goodwin Academy

The school will clearly have a future in its new £25 million premises opened four months ago on October 6th, just three weeks before Trustees resigned en masse, but it looks increasingly likely it will not be with Schools Company. Indeed a more than doubling of first preferences to 173 for 2018 admission, shows confidence in the school and its leadership, achieved without obvious input from the few remaining Trust members. 

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