Seven childcare centres in Adelaide are in danger of shutting down after the company behind them went into voluntary administration.
Precious Cargo Education called in administrators this morning, with founder and director Cheryl Shigrov saying difficulties facing the entire industry were behind the company's struggles.
"In recent years there have been some challenges that the company has not been able to overcome that have been experienced sector-wide," she said.Precious Cargo Education has gone into voluntary administration. "To our children, families and staff I apologise that my journey has come to a close, but ask that you work together with the administrators and I to find a way forward to preserve Precious Cargo and bring it back to a thriving entity.
Founded in 2006, Precious Cargo operates seven childcare centres across Adelaide and employs more than 400 staff, according to the company's website.It is not known whether staff have been stood down and whether the centres are still open during the administration process.When announcing her company had gone into administration, Shigrov said she was proud of Precious Cargo's growth.
"Today, I continue to have our children, their families and our staff at the forefront as I work through the administration process to a positive outcome."
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