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Soaring numbers of academy trusts being wound up.

Soaring numbers of academy trusts being wound up.

Soaring numbers of academy trusts are being wound up, and many are collapsing with deficits of millions of pounds, a Schools Week investigation has revealed.

Our analysis, using Companies House records, found at least 91 multi-academy trusts had closed or were in the process of being wound up since 2014.

However, more than half (46) closed or began closing this year – with figures soaring since 2014. The disclosure also comes after the government admitted last week that a lack of high-quality sponsors is still a “top risk” facing the academies system.

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