MIGHTY OAKS ACADEMY TRUST LTD

• ⚠

  Material uncertainty over going concern

  The Trustees have agreed to transfer the activities of the Trust to an existing Multi Academy Trust, and have applied for Department of Education approval. It is the Trustees' intention to cease to pursue it's activites within the present Multi Academy Trust within the next 12 months. Therefore, the accounts have been prepared on a basis other than a going concern.

• ◆

  6 officer resignations in last 12 months

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

1. MIGHTY OAKS ACADEMY TRUST LTD 2021-10-01 → present
2. PRIORSLEE MULTI-ACADEMY TRUST 2016-01-21 → 2021-10-01
3. PRIORSLEE PRIMARY SCHOOL ACADEMY TRUST 2011-01-04 → 2016-01-21

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

Reporting scope

Standalone (parent only)

Auditor

WR Partners

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Trustees have agreed to transfer the activities of the Trust to an existing Multi Academy Trust, and have applied for Department of Education approval. It is the Trustees' intention to cease to pursue it's activites within the present Multi Academy Trust within the next 12 months. Therefore, the accounts have been prepared on a basis other than a going concern.”

Significant events

• “Planning permission has now been fully and finally agreed for the mixed housing and commercial development on the Buildwas Power Station Site, where the new Buildwas school building will be built. Preparations for the new development will be starting 27/28.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

6

last 12 months

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

• Turnover

  +2.3%

  £3,137,910 → £3,209,010

• Cash

  -37.6%

  £393,578 → £245,772

• Net assets

  -3.8%

  £4,705,920 → £4,524,766

• Employees

  0%

  68 → 68

• Wages

  +4%

  £1,877,631 → £1,952,353

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers