Nursery World - Childbase staff share employee-ownership bonus

Childbase Partnership employees have started the year with an £850,000 payout.

The group, which runs 41 day nurseries in the South of England, has paid £850,000 worth of dividends to staff following last year’s move to employee ownership.

Over 1,700 employee owners at the company received a tax-free partnership dividend payment of up to £680 each.

Staff voted to become an employee-owned business in May 2017. Prior to this, employees saved to buy shares in the company, which offered ‘buy one get two free’ incentives as part of the ‘Sharing our Success’ initiative.

In 2014 all share-holders voted on the ‘Sharing our Success’ initiative to sell their shares back to the company to establish a Trust to benefit everybody. The share price had risen from 20 pence in 2000 to £1.96 in 2016 and £2.30 when they were sold back to the company last year.

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