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Nursery chains: Sales could save some nursery jobs
By Simon Vevers,
Nursery World,
7 November 2007
Administrators for the parent company of the Primary Steps chain, which became insolvent in the summer, have found potential buyers for 16 nurseries, although a further 11 are being closed.
Henry Shinners, one of the joint administrators from the firm Smith and Williamson, said that offers had been accepted subject to contract and the sales could save 165 jobs and more than 700 childcare places. Of the remaining 11 nurseries, eight are located in Next Generation health and fitness clubs. For 'contractual reasons' they can only be sold as one entity. Mr Shinners said that a major national childcare provider...
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