Nord Anglia has released its interim results for six months to the end of February, showing that the nurseries division generated a turnover of 23.4m and an operating profit of 0.1m. A statement by the company said the results were 'disappointing, with occupancy remaining largely flat and the underlying financial results suffering as a result of the price promotion that was implemented during 2004/05'. It added that the company was 'very cautious about the future of the market' and would not rely on 'material improvement' in the nurseries division 'in the short to medium term'. Nord Anglia is still the largest nursery group in the UK and Ireland, offering 9,563 places at 98 settings. See the Summer 2006 issue of Nursery Chains, free with this week's issue, for the league table of the 20 largest groups.
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