“It’s a phenomenal growth rate. It’s only going in one direction.” Mr Darville, Quadrant Managing Director, said, adding there were few businesses in any industry able to deliver 20 per cent-plus growth in revenues.
Article featured in the Australian Financial Review. Read full article here.
The No.2 player in the after-school care market in Australia is eyeing another year of 20 per cent-plus revenue growth from its operations at 400 school sites, with private equity firm Quadrant having taken majority control of the business through a $100 million-plus buyout.
Sinead Ryan, chief executive of Junior Adventures Group, which runs two businesses under the OSHClub and Helping Hands banners, said demand is set to rise faster after July 2 when federal government changes to childcare payments come into effect, bolstering a business which has already been winning new contracts to run out of school hours programs. Junior Adventures is producing annual revenues of $120 million.
“It’s a combination of like-for-like growth, and new schools,” she said of the group’s growth rate.
– By Simon Evans