Viability of most UK academies at risk due to accounting losses
Seven out of 10 UK academies are operating with losses owing to squeezed budgets, according to the Kreston Academies Benchmark report, which raises concerns over the future viability of a number of academy schools. The survey of over 600 academies responsible for 300,000 children states that many more anticipate running a deficit, and those which have a surplus are reporting lower figures. The report highlights cash shortages, delays to building maintenance and experienced teachers leaving the profession. Academies are increasingly being forced into larger multi-academy trusts in order to generate economies of scale.

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