Independent Academies Association goes into liquidation
The Independent Academies Association (IAA) has gone into liquidation citing changes in the academies’ landscape as one of the causes.
The IAA board said it is now in discussions with another, unnamed, membership organisation, to continue services during any remaining period of membership.
Tightened school budgets and the growing number of multi-academy trusts meant schools were now looking for support within their own trusts.
In a statement, the IAA said: “The IAA, past and present is proud of the contribution it has made to creating this new landscape, however, it is because of this change, that it can no longer realistically expect the levels of membership or sponsorship required to resource the organisation moving forward.
“As a result of this, the Board has reluctantly come to the inescapable conclusion that IAA is sadly no longer sustainable long-term. On Thursday 11th June, IAA Directors met, having taken advice from a licensed insolvency practitioner, and in the light of our projections regarding reduced membership income, it was agreed that a liquidator should be appointed.
“The process for this is underway and all current active IAA members will be contacted by the professional advisors involved.”
The IAA was established in 2002 and its interim chief executive is Sir Peter Simpson (pictured).