With banks warning of stricter credit controls, mortgages becoming harder to obtain and the economy shrouded in gloom, it is perhaps surprising to find parts of the private day nursery sector bucking the trend and displaying some optimism.
The evidence comes from reports of rising occupancy levels and the declared aim of three chains in particular - KidsUnlimited, the Bertram Group and Just Learning - to expand their businesses.
Courteney Donaldson, director and head of Child Centric Sectors at Christie and Co has acted, in various professional capacities, for all three chains. She says that childcare is 'needs driven' and less susceptible to reductions in consumer spending than other sectors, such as retail or the licensed and leisure industries.
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