Sunday, December 7, 2008

Child care providers

SCV’s website reports that both Mr Gordon and Mr May were associated with Peppercorn Management, one of the largest listed managers of child care centres in Australia. Mr Gordon was Managing Director and major shareholder. Peppercorn managed over 575 child care centres and has been involved in establishing various corporate structures in the child care sector.

Readers are well aware of the notorious collapse at the hands of Flash Eddie Grove of the ABC Learning empire, leaving thousands of dependent working Mums in desperate worry.

ABC Learning targeted the vulnerable dependent young families end of the market. One of the reasons for the company’s collapse was the inadequacy of government regulation to ensure its stability. The truth of the company’s reckless hows and whys is yet to emerge.

At the other end of the market are, the dependent and frail Aged – the Age Pensioners and other Pensioners and War Veterans, These people are being targeted by the so-called Aged rental residential industry in which there are a number of corporate operators, the largest of being Queensland’s SCV Group.