Mayfield Childcare (ASX: MFD)

Mayfield Childcare Ltd. engages in the provision of childcare services. The company is headquartered in Melbourne, Victoria. The firm is providing care and education to over 6,000 Australian families. The firm owns approximately 36 Victorian childcare centers representing 3,199 registered childcare places and over 800 early childhood educators. The Company’s childcare centers include Balnarring Early Learning Centre, Grand Oaks Early Learning Centre, Kilmore Childcare Centre, Little Jazzy’s Childcare and Kinder, Little Learners Early Childhood Centre, Lyrebird Early Learning Centre, Macedon Early Learning Centre, Melton Early Learning Kinders, Melton South Early Learning Kinders, O’Shannessy Early Learning Centre, Officer Childcare Centre & Swim School, Paradise Kids Children’s Centre, Pebble Patch Early Learning Centre, Rainbow Developmental Learning Centre, Ryan Road Childcare & Swim School and Lily Patch Early Learning.

Here are the latest articles on Mayfield Childcare (ASX: MFD)

Mayfield Childcare reaches settlement to recoup $1 million from former CEO

October 23, 2023

Mayfield Childcare (ASX: MFD) is set to recoup $1 million from its former CEO Dean Clarke after a settlement was reached between the early childhood operator and its former boss in relation to misappropriation of funds which promptly led to Clarke’s termination in 2022. The misappropriation of funds was first brought to public attention in

Kip McGrath expects FY23 revenue to see 10% boost as education operators profit from increased subsidies

June 28, 2023

Despite all the corporate cash grabs to profit from the Government’s Child Care Subsidy boost, there’s plenty of profit opportunity in the next age bracket up too with tutoring provider Kip McGrath (ASX: KME) issuing an earnings upgrade, primarily from rising demand for tuition services. Government-affiliated tutoring provider Kip McGrath forecasts a revenue boost, citing

Mayfield Childcare acquires two centres, set to benefit from increased childcare subsidies

May 26, 2023

Early education provider Mayfield Childcare (ASX: MFD) has successfully concluded the acquisition of two high-performing childcare centers, right in time as the Aussie government boosts childcare subsidies for parents. The Company’s latest move includes the acquisition of a centre in Sandringham, which complements Mayfield’s existing facility in Cheltenham, thereby fortifying its Bayside operations. With 60

Mayfield Childcare profits jump, but no end in sight for childcare educator shortage

August 19, 2022

In what has to be considered a remarkable result, childcare operator Mayfield Childcare (ASX: MFD) has delivered $3.5 million in net profits despite facing an existential shortage in labour and occupancy rates dropping all over the country as the pandemic toll continues to plague the industry. For the six months ended 30 June 2022, Mayfield

Existential childcare crisis: G8 Education appoints discount retail boss as CEO

July 22, 2022

A secret war is taking place across Australia’s childcare industry and despite their struggles on the battlefield, G8 Education (ASX: GEM) is doubling down by appointing a new CEO who once again, has zero experience in early childhood education. Since the onset of COVID, the pandemic has wreaked havoc on Australia’s childcare industry through a

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