The Helen McArdle Group (HMC), a newcomer to Nursery Chains, looks set to become a big contender. The group has switched from running a large care homes business to starting up nurseries. They have built two 112-place nurseries in north-east England and Mark McArdle, chief executive of HMC, plans to open another three this year.
Until last November HMC's main operations were its 24 care homes in the region - a business created by Mr McArdle's mother 17 years ago. When the care home business was sold for 100 million it had an annual turnover of 20 million, employed 1,300 staff and the homes had 1,300 residents.
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