Durand Academy headteacher earning more than £400,000 a year, MPs told

Public accThe TES is reporting that MPs have heard that an academy headteacher is earning more than £400,000 a year by running a private business on the school site as well as taking his salary…

Sir Greg Martin, who runs the Durand Academy in south London and has recently opened a state boarding school in West Sussex, receives more than £228,000 a year in basic salary and pension contributions, the Public Accounts Committee heard.

But the head also pocketed an additional £175,000 last year as sole director of a leisure centre that operates on the school site. The combined package netted him around £403,000 in 2013/14 and £390,000 the year before. The total is believed to make him by far by the best paid school leader in the country…

Sir Greg said that his ability to run a successful business on the side meant that he was able to divert part of the profits into providing benefits to children from poor homes.

“There’s a swimming pool you wouldn’t have had, there’s a boarding school you wouldn’t have had, there’s middle schools you wouldn’t have had, there’s subsidised food, there are small classes. Are you saying that’s wrong?”

Chris Wormald, permanent secretary at the Department for Education, said the department had “concerns” with the set up of the GMG contract…

More at: Durand Academy headteacher earning more than £400,000 a year, MPs told

 

Should Sir Greg be applauded and rewarded for the successful entrepreneurial initiatives he has pursued – and the subsequent income that has gone back into the schools – and be held up as a role model for all head teachers? Is he an example of all that’s right, or all that’s wrong? Please let us know in the comments or via Twitter…

 

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Comments

  1. Janet2

    It’ correct that profit from the trading company has been used for the benefit of pupils.  But it also appears to be a nice little earner for Sir Greg.

    The National Audit Office has criticised the spending on the boarding school.  The NAO also said in a separate report that land transfer between Durand Primary School at Durand Education Trust had not been approved by the SoS as required.  The DfE didn’t find out about it until later and decided the Academies Act covered the transfer.

    The assets transferred in 2010 were estimated at the time to have a market
    value of £15 million, the NAO said.

    The EFA has also criticised Sir Greg for his related party transactions.

    According to Companies House, Sir Greg’s appointment as Director of the dating agency, The Coterie London, wasn’t terminated until 26 January 2015 – the same day as the article above.  Some coincidence?

  2. Janet2

    It’ correct that profit from the trading company has been used for the benefit of pupils.  But it also appears to be a nice little earner for Sir Greg.

    The National Audit Office has criticised the spending on the boarding school.  The NAO also said in a separate report that land transfer between Durand Primary School at Durand Education Trust had not been approved by the SoS as required.  The DfE didn’t find out about it until later and decided the Academies Act covered the transfer.

    The assets transferred in 2010 were estimated at the time to have a market
    value of £15 million, the NAO said.

    The EFA has also criticised Sir Greg for his related party transactions.

    According to Companies House, Sir Greg’s appointment as Director of the dating agency, The Coterie London, wasn’t terminated until 26 January 2015 – the same day as the article above.  Some coincidence?

  3. Janet2

    Sir Greg said, ‘The school has been given no more funding by the Treasury than any other school.’

    But it was given 17m to fund the boarding school.  The NAO said the DfE “lacks sufficiently robust estimates of the financial risk of the project”.   That means the cost to the taxpayer is likely to rise.

    And a FoI response re start-up grants and academies revealed that £238,966 was paid to Durand Academy Trust in 2012/13 in Start Up Grant B .

    https://www.whatdotheyknow.com/request/expenditure_on_sponsored_academy#incoming-561976

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