In a statement giving a year-end update to shareholders, the company said that the outlook for the new financial year was 'positive'. It said, 'The directors anticipate a substantially increased contribution from the nursery division in the new financial year, reflecting the maturing profile of the group's portfolio.'
Nord Anglia Education chief executive Andrew Fitzmaurice said that the majority of the capital is employed in the company's nursery division and anticipated that it would produce 'the highest proportion of earnings for the business'.
Kevin McNeany, who founded Nord Anglia in 1972, is now non-executive chairman. Nord Anglia said that Derek Mapp, former executive chairman of Leapfrog, had made 'a significant contribution to the integration process'.
Register now to continue reading
Thank you for visiting Nursery World and making use of our archive of more than 35,000 expert features, subject guides, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's included
-
Free access to 4 subscriber-only articles per month
-
Unlimited access to news and opinion
-
Email newsletter providing activity ideas, best practice and breaking news
Already have an account? Sign in here
