Multi Active, which ran before and after school provision as well as holiday clubs across more than 20 sites, announced at the weekend that as of today (6 February) the company will cease trading.
A notice on its website from managing director Kevin Jones states, ‘Unfortunately with the cost of living, rising inflation and interest rates, we have been unable to cover our costs and the company has become insolvent. As a result of this the company will shortly go into liquidation.
‘As a childcare provider the current trading climate is hugely challenging. We set out in 2015 to provide a childcare service that was affordable and reliable, but we realised this is no longer achievable and our business model does not work in 2023.’
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