Great Yarmouth Community Trust, which operates 10 nurseries across Norfolk and Suffolk, went into liquidation on Wednesday – affecting around 450 families and leaving more than 130 jobs at risk.
The trust’s accounts for the last financial year (2018/2019) have not been filed, but a report on finances for the previous year highlighted a number of areas of concern.
These included the risk of a reduction in public service contract income as a result of “continuing government austerity” and the fact that its current children’s centre contract came to an end in March 2019.
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