Due Diligence
I recently purchased my second centre having been involved directly as a carer and owner in the sector for 15 years. I thought after that period of time, I pretty much knew everything I needed to assess the viability of a centre. So when the second centre came up for sale I was not concerned about my ability to manage the transaction and thought I could do it by myself with some minor help from a lawyer to settle the contract. How wrong I was! Read the rest of this entry »
I own and operate, with my wife, a successful and growing childcare group. Over a period of 10 years, we have now grown to 4 sites. Guild Accountants have been my professional advisers since the outset, and approached me early on to review succession planning for the future.
I had worked in the childcare field in different roles for over 20 years. Two years ago I started my own greenfield site with a 90-place centre in a fast growing area. The occupancy level at this centre grew rapidly and within 6 months the centre was already 75% full.
