Wonder where all the money is going?
Private equity acquires nurseries
PE are pulling their classic model of overpaying for assets by over leveraging, then pressuring the customer to generate additional cash via price increases alongside cost cutting to fund this excess borrowing. Lovely. And where is the competition commission when Bright Horizons acquires several of the big nursery chains in U.K.?
Add to this the fact that the government has removed access to most au pairs by preventing their entry via Brexit. I’m convinced that deliberately preventing so many women from working can’t just be a policy mistake. Of course MPs can claim all their nanny fees via expenses - as they do other “must have” services such as Netflix. What a horrible corrupt bunch of people running this country.