The North-West nursery group has completed a management buyout of its holding company, which has enabled it to free up £1m to invest back into the business.
The money will be used to bring all the nurseries up to MiChild’s ‘brand standard’ and to support staff teams with training and development and to help them further develop their own curriculum. The nursery group will also be investing in the wellbeing of employees and is to review its staff benefit package.
Following the management buyout, MiChild, which was established in 2019, is now jointly owned by chief executive Adam Sage and new company chairman Chris Ross-Roberts.
Former chief financial officer of Asquith Nurseries, Sage was appointed chief executive of MiChild in 2020, overseeing a rapid transformation and expansion of the group.
He said, ‘This is a hugely exciting opportunity to continue to develop MiChild Nurseries Group with a focus on delivering quality childcare inspiring environments for our staff, parents and children. Although things have changed behind the scenes, it is very much a business as usual approach for us but with the added element of new investment into the group.
‘I cannot wait to get started on this exciting new chapter for MiChild and to continue to work with our amazing and dedicated teams of people who have shown such immense resilience throughout the pandemic. I cannot thank them enough. They have an incredible desire and willingness to make our nurseries and childcare the very best.
'Over the course of the next few months, we are set to invest a significant six-figure sum in both our childcare teams and in our buildings and learning environments to drive continued and sustainable growth.
‘As part of the new management structure, I would like to welcome Chris who has joined the MiChild board as chairman. Chris has extensive educational experience having been CFO of Europe’s largest professional education group and a board member of a multi site schools group.’
