MAT and academy due diligence surveys
Understand the condition and liabilities of a new Academy before it joins a Multi-Academy Trust (MAT).
Over the coming months and years MATs will undoubtedly come under increasing pressure to absorb underperforming schools and academies.
While it makes sense to help a failing school make the transition to academy status, it could lead a MAT into taking on unforeseen liabilities along with an expansion of its estate.
Just as a company carries out due diligence checks on the accounts of a potential acquisition, the board of a MAT should also be auditing the physical and organisational assets, and liabilities of a sponsored school at the start of the conversion process.
A full due diligence premises survey is a necessary pre-requisite to ensure there are no lurking health and safety issues down the line but on a positive note, identifying condition inadequacies could open additional funding opportunities from central government and help you prioritise your current resources.
When taking on the management of a new academy’s premises you take responsibility for a whole raft of surveys and assessments: condition surveys, fire risk assessments, energy efficiency surveys and space utilisation and suitability assessments to name but a few.
There are also a number of key areas a due diligence survey should cover:
- Condition Surveying
- Site Plan Inspection
- Health and Safety/Equipment Assessment
- Safeguarding and Security Assessment
- Planning Regulation Compliance
- Lease Obligations
Surveyors to Education
Surveyors to Education (S2e) offers a specialist surveying service to the MAT and academy sector. We have experience carrying out due diligence surveys for MATs or single academies.