http://www.bbc.co.uk/news/education-35890448 "An academy and free school trust praised by the Prime Minister has paid its chief executive a second salary passed through two separate companies, a government report says. It raises serious concerns about financial management and governance at Perry Beeches Academy Trust. The trust has been issued with a financial notice to improve following a probe prompted by a whistleblower. The trust, which runs five secondary schools in Birmingham, and has been praised by senior government ministers, has been ordered to improve financial management and governance. The Education Funding Agency investigation followed whistleblower allegations that the trust's chief executive, Liam Nolan, was paid an additional salary through a supply company, Nexus Schools Ltd. The findings confirmed the trust paid £1.2m over two years to Nexus, which then passed some of the money to Mr Nolan through a company of which he was sole director. There was no written contract for the payment and no alternative tenders for the services were considered, said the report. "The trust pays Nexus for providing the services of a CEO for Perry Beeches multi academy trust. "Nexus then sub contracts this role to Liam Nolan Ltd," says the report. These payments, of at least £160,000 over two years, were not disclosed in financial statements, it says. They are on top of Mr Nolan's annual payroll salary of £120,000 for his executive head teacher role" So we need more of these academies, do we?