Last ABC learning centres are sold
THE ABC Learning collapse has finally come to a close in Bundaberg, with the last two local centres being sold to not-for-profit syndicate GoodStart.
The ABC Bundaberg and Babywork and ABC Bundaberg West centres — among the 705 centres that were declared viable after the collapse — were sold to GoodStart yesterday.
ABC Learning receiver Chris Honey announced the sale to the syndicate, which is comprised of Mission Australia, Benevolent Society, Social Adventures Australia, and Brothers of St Laurence.
“A key consideration in assessing bids was to achieve a good commercial outcome, which also preserved the interests of ABC families and staff,” Mr Honey said.
The announcement did not mark the formal conclusion of the sale but the receivers and managers were confident the contract exchange would take place before Christmas and the sale would be completed early next year, Mr Honey said.
Only two of the five previous ABC Learning centres in the area are left to re-open. Both are undergoing renovations.
Linda Voss, who took over the centre on Fitzgerald Street with her husband Mitchell, said they were aiming to open the centre in mid to late January, under the name Edenbrook Early Learning Centre. Interior renovations had been completed, including $50,000 in toys and $50,000 in Mega Toy playgrounds, and the exterior was being painted, Mrs Voss said.
“Enrolments are starting to come in. We are expecting to see more enrolments as the outside of the building starts to change,” she said.
John Gorza, who bought the ABC Learning centre on Queen Street, said the centre would be opened in late January, by the same company that runs Bonney Tots on Fairymead Road. Renovations were almost complete and the centre would be airconditioned.