Does Ofsted reports really reflect how 'good' a school is?

[Fuppy]

I'm curious of your experience. I know teachers who prepare especially for ofsted, so when a school gets an 'outstanding' report, how does this compare with normal day to day school life and does it accurately reflect a schools worth?

No way.

I worked in an academy trust rated as outstanding but behind the scenes it was so badly run that they hadn't paid their bills and the schools fire alarms had been switched off.