Look out for the ratio of fees to wages

In the 28 March edition of Nursery World, there were two items that particularly interested me - the news story 'Nursery profits "are hyped to investors"' concerning the Children's Nurseries - UK Market Sector Report by Laing and Buisson, and the letter 'Between a rock and a hard place' by Kirsty Lester, who owns a day nursery. If, as according to the Laing and Buisson report, the average fee for a full-time nursery place is £120 a week and the average hourly rate of nursery nurses is £5.45, then day nurseries like ourselves which charge just £80 per week (because...