Following detailed negotiation, the Trustees of Little Stars Children’s Services Ltd and Lambeth Council have agreed that, in return for appropriate financial consideration, Little Starz Children’s Services will surrender the lease of the building at Benton’s Lane to Lambeth Council.
This will allow them to move forward with the process of liquidating the company and making payment of outstanding debts owed to former employees and parents. Lambeth Council is assured that this will happen at the earliest opportunity and all parties are working extremely hard to complete the transaction as soon as possible.
Lambeth Council will bring the building back into full use for the delivery of childcare and children’s centre services as soon as is practicable. The Council and Little Starz Children’s Services Ltd are very pleased to have reached this agreement and to be able to recommence service delivery from the building to meet the needs of local children and families.