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Wednesday, 23 May 2018 07:01

SchoolsCompany Trust - The Goodwin Academy: Founder and CEO resigns

Written by

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.

Mr Achilleos continues to run SchoolsCompany, ‘a specialist educational consultancy, training and school management company’ which helps ‘a wide range of schools and the education public sector to improve the quality of their services’, which will no doubt have provided services for the Trust schools. I first wrote about SchoolsCompany as long ago as April 2014, but looked at it in more detail the following month. This was after it helped take the school, then called Castle Community College, from Outstanding to Special Measures in less than three years. At that time SchoolsCompany was under a four year contract with KCC to deliver the Kent Challenge programme of helping underperforming schools, although it did precisely the reverse and was given the school as a Sponsored Academy for a reward.

An indication of the level of financial incompetence of the Trust can be seen in a Financial Notice to Improve issued last October. The next set of Company Accounts is due next month, and with new Chief Executive, Angela Barry, now in charge they should make interesting reading, given her track record of demolishing the now defunct Lilac Sky Academy Trust in a parallel Report in 2015, and exposing its profit taking.

I would anticipate that another Academy Trust will now take over Goodwin Academy, with its shiny new premises and plenty of potential, although crippling financial debts.

Meanwhile Mr Achilleos will no doubt carry on with other financial ventures, including his most recent, the Royal Academy for Construction and Fabrication in Nigeria.

Read 980 times Last modified on Wednesday, 23 May 2018 22:59

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