An interesting article providing an insight into the current UK Day Nursery market has just been published by Childcare Expo, and as per our update last week, things are increasingly strained for owners and managers in our sector.
Nick Brown, Director & Head of Brokerage – Childcare & Education, Christie & Co reports that most providers have been forced to feed the cost of living crisis and rising business costs and outgoings through to parents via fee increases, to levels we have not seen in many many years.
In addition to this, we have the recruitment crisis and staff shortages are commonplace across the UK, and not only this many providers are also experiencing high-quality staff being lured to new operators and their staffing options becoming even smaller.
We have also seen an increase in the number of operators being approached directly by buyers – many providers are now in the position where they feel they have no choice but to sell, resulting in further crisis for the sector and parents alike.
To read more on the nursery market as it stands, click here.