Nursery World - Nursery group converts to employee ownership

Lilliput Montessori Day Nurseries in Leicestershire has become only the second nursery group in the UK to become an Employee Owned Company.

Lilliput Day Nurseries in Leicestershire is understood to be only the second nursery group in the country to have converted to employee ownership

Nursery founders Paul and Sam Graveling have sold 70 per cent of their shares in the group, which has five settings, to an Employee Ownership Trust through cash reserves and a loan. Employees did not have to buy any shares, but they now effectively own the majority of the company.

The nurseries are all based in Leicestershire and offer more than 330 places across the group.

Lilliput Montessori Day Nurseries was launched in 1994 when Mr and Mrs Graveling could not find a suitable nursery for their child. They have decided to transition the business as part of their future retirement plans and to support their 100-strong workforce.

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