Tag: financial notice to improve

The University of Chester Academies Trust (UCAT) has been told to get its finances in order after racking up a £3 million deficit. The shortfall in the chain’s latest financial forecast breaks the terms of its funding agreement, which insists it returns a balanced budget. This has led to an official financial notice to improve […]

A Devon-based multi academy trust has been handed a financial notice to improve by the Education and Skills Funding agency. Bay Education Trust has had many of its spending powers suspended, and has been warned it faces closure if it does not address concerns about its financial management. The notice was issued because the trust had […]