Market Round-Up - Property forecast

MARK’S MARKET MAGIC

Monthly tip for big chains: If you are buying a nursery, have a close look at the holiday year and check what holidays are yet to be taken by the staff of the target nursery. Once you have completed the purchase you will be liable to cover the holiday-pay cost. Make sure this liability is taken into account in calculating the purchase price, as it is often sizable.

Monthly tip for small providers: Personnel files are extremely important. Make sure each staff member has a file containing the key documents such as their offer letter, references, qualifications, DBS checks and employment contract.

Avoid: Remember that health and safety assessments should be regularly undertaken and, most importantly, documented. Don’t get caught out next time Ofsted comes knocking. Regular assessments minimise risk and protect your business.

Source: data derived from Experian Corpfin reportable transactions in the children’s daycare sector for February. Holds detailed information on deals over £500,000 (or the international currency equivalent). Created using information from a range of sources, including direct reporting and the press.