Nursery Chains: Editor's view
Wednesday, September 17, 2008
Nursery Chains is now ten years old. The supplement has reported great change in the early years sector during the past decade as New Labour initiatives have made childcare increasingly high profile, if not increasingly profitable.
In the first Nursery Chains directory just 70 nursery groups were listed, running 550 nurseries, creches and out-of-school clubs. Now, despite competition from Government-funded centres, that figure has more than doubled, and we know of over 150 chains throughout the UK and Ireland. In 2008 there are in excess of 1,500 settings operated by groups.
Providing care of the highest quality in the face of rapid expansion was predicted to be the challenge for nursery chains in 1998, but remaining financially viable in the face of Government initiatives soon became an additional struggle. While a few nursery owners have made millions out of their businesses, many have found it difficult to stay in profit. Four of the original league table no longer exist, with some chains consolidating and others undergoing management buyouts. Turn to page 12 to find out what has happened to the original largest nursery groups and how leading insiders view the past decade.
Of course, behind every successful nursery chain there are many dedicated staff members. Ten years ago, chains employed more than 9,500 people. Now there are approaching 34,000 employees working in 1,500-plus settings, from nursery nurses to managers, cooks to cleaners. We honour just a few of these 'unsung heroes' on page 14.
But, with the current gloomy economic outlook, how are nursery chains coping? Surprisingly, the nursery sector appears to be bucking the trend. At least three groups are planning on expanding their businesses further. Read 'At the ready' (page 4) to find why they are optimistic.
As for the next decade, Nursery Chains will continue to keep you informed.
