Regional nursery provider goes into liquidation
Thursday, 28 November 2019
The Great Yarmouth Community Trust, which runs nurseries and day centres in Norfolk and Suffolk, is to go into liquidation.
As from today eight nurseries in the region will close and up to 136 members of staff will face redundancy. The closure will affect up to 450 families.
Lee Green, Partner at MHA Larking Gowen, which is advising the trust and handling the liquidation, said: "Unfortunately the Great Yarmouth Community Trust has experienced serious financial difficulties and as from today the business will cease to trade. The liquidation process will begin in the next two weeks."
The nurseries affected are: Calthorpe Nursery, Great Yarmouth; Little Blossoms Nursery, Filby; Ladybird Day Care at Kirkley Children's Centre, Lowestoft; Little Ducks Day Nursery, Lowestoft; Peggotty Nursery, Great Yarmouth; Priory Day Nursery, Great Yarmouth; Seagulls Day Nursery, Gorleston; and Willow Day Nursery, Great Yarmouth.
The Little People's Montessori nursery in Norwich is a subsidiary of the Trust but will not be affected by the liquidation.
In addition, the trust runs two educational facilities; Horatio House in Lowestoft, and Nexus Engineering in Gorleston.
Andrew Forrest, Executive Director at the Great Yarmouth Community Trust, said: "It is with huge regret that I can confirm the Trust is insolvent. As a trust we were set up with the sole purpose of improving the life chances of children, adults and families in Great Yarmouth through community building, education and wrap around support.
"In recent years we have been experiencing financial difficulties and it has now become clear that our business is no longer viable. We have been working with insolvency experts and Norfolk County Council to do all we can to minimise the impact for those who use or visit our services. I am sorry for the disruption and uncertainty that the current position is causing for local families and for our valued staff."