SAIL ACADEMY TRUST

• ⚠

  Confirmation statement overdue

  Due 2025-12-17.

• ⚠

  Material uncertainty over going concern

  As part of the focus of the viability of the Trust, and discussions with the ESFA, the Board of Trustees concluded that, in its existing structure the Trust, was not viable and could not take full advantage of funding opportunities only available to larger trusts. The trust board therefore agreed to seek other trusts with which to join. Having shortlisted three trusts, the Chair of Trust invited the Chairs and CEOs of prospective trusts to give presentations to the Trust Board and senior management. The outcome of this was an agreement to make a formal approach to Northern Schools Trust with a view to joining it. The Board of Northern Schools Trust accepted our proposal and having undergone a period of due diligence, and the proposal having been accepted by the Department of Education, SAIL Academy Trust joined Northern Schools Trust on 1 October 2024. On this basis these financial statements are are prepared on a basis other than as a going concern as SAIL Academy Trust will cease to exist.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Auditor

Mitchell Charlesworth (Audit) Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As part of the focus of the viability of the Trust, and discussions with the ESFA, the Board of Trustees concluded that, in its existing structure the Trust, was not viable and could not take full advantage of funding opportunities only available to larger trusts. The trust board therefore agreed to seek other trusts with which to join. Having shortlisted three trusts, the Chair of Trust invited the Chairs and CEOs of prospective trusts to give presentations to the Trust Board and senior management. The outcome of this was an agreement to make a formal approach to Northern Schools Trust with a view to joining it. The Board of Northern Schools Trust accepted our proposal and having undergone a period of due diligence, and the proposal having been accepted by the Department of Education, SAIL Academy Trust joined Northern Schools Trust on 1 October 2024. On this basis these financial statements are are prepared on a basis other than as a going concern as SAIL Academy Trust will cease to exist.”

Significant events

• “The Board of Northern Schools Trust accepted our proposal and having undergone a period of due diligence, and the proposal having been accepted by the Department of Education, SAIL Academy Trust joined Northern Schools Trust on 1 October 2024. On this basis these financial statements are are prepared on a basis other than as a going concern as SAIL Academy Trust will cease to exist.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.