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Downsizing trust ‘failed to balance books quickly enough’

The Department for Education has slapped strict spending controls on an academy trust accused of failing to balance its books rapidly enough after it was stripped of a school. The Castle Trust, which is now preparing to close, has been issued a financial notice to improve after it “failed to act quickly enough to make […]

DfE blocks MAT’s bid to take shares in outsourcing firm

An outsourcing firm has urged the government not to be “hung up on fear of the different” after officials thwarted a multi-academy trust’s bid to take shares in the for-profit company. Schools Week revealed in March that Transforming Futures Trust (TFT) had signed a £1 million deal to outsource most of its central staff and […]