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Displaying items by tag: SchoolsCompany

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.

Published in News and Comments
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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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