After this on the list are the Primary Academies Trust (27% of DfE grant income spent on central services), White Horse Federation (18%), Acorn Multi-Academy Trust (14%), The Village Academy Trust (12%), Burnt Mill Academy Trust (11%), Right for Success Academy Trust(10%) and Diamond Learning Partnership Trust (9%).
Of the primary academies in the Kreston UK report, almost three-quarters were in deficit before the effect of depreciation was taken into account, according to their accountants.
But a bid by Oasis Education to continue running the primary academy was rejected by the Department for Education.
A spokesman for Mr Gove re-confirmed the target of converting all English schools to academy or free status, but later said that profit-making was not needed, adding: "More than half of all secondary schools are academies with hundreds more in the pipeline and the number of primary academies is increasing fast and now stands at more than 1,000".
Then, under Academies Group Priorities – September-December 2013, the stated goals include "increase the number of primary academies", "further incentivise primary [academy] conversion" and, presumably in a reference to council areas with few academies, "focus on 18 local authorities where most can be gained".
Building Tomorrow engages students in service-learning, fundraising, awareness and design activities to generate support for the construction of primary academies in East Africa.
About 10% of honours are for work in education: 26 headteachers have been recommended for awards, including a damehood for Susan Jowett, chief executive of the Spencer Academies Trust, and a knighthood for Steve Lancashire, founder of REAch2, the largest primary academy sponsor in the country.
Since September 2011, The Elliot Foundation (TEF), which runs primary academies in the West Midlands, East Anglia and London, has paid £452,373 to founding directors for their work as consultants and for travel and subsistence expenses.
Overall, the number of sponsored primary academies has grown by only 291 over the past 12 months, with a further 159 in planning.
Two of the four free schools rated as outstanding are part of the Ark Academy chain: the Ark Conway primary school in Hammersmith, west London, and the Ark Atwood primary academy in Westminster.
A DfE spokesman said: "While Ofsted's findings show that AET has made some progress, particularly in its primary academies, the trust is letting down too many of its pupils.
