The Perry Beeches academy trust is to have its five academies and free schools in Birmingham handed over to a new academy trust following a critical financial investigation.
A report by the Education Funding Agency (EFA), published before Easter, showed financial shortcomings at Perry Beeches, including third-party payments made to the chief executive, Liam Nolan, on top of his £120,000 salary as executive headteacher. The EFA’s call for urgent action triggered an official notice from the DfE, which detailed “serious concerns about financial management, control and governance” at the trust.
The five Perry Beeches schools are expected be “rebrokered” by the DfE and pass to a new chain, the West Midlands academies trust, which is headed by David Kershaw, a Labour cabinet member of Coventry council.
A Whitehall source said: “This shows the academy system is working, with the EFA identifying issues and regional schools commissioners intervening and rebrokering effectively, as part of a robust system of oversight.”
An academy chain responsible for five secondary schools that was praised by #David Cameron and #Michael Gove is to be stripped of all its schools, according to sources close to the Department for Education (DfE).