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01 August 2017 | Childcare Mortgages

New steps for Marshmallows Nursery

Christie Finance, a specialist commercial finance broker, has secured funding for a first time nursery buyer to purchase Marshmallows Nursery in Accrington.

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Established since 2002, the day nursery is registered for 50 children and was rated 'Good' in its last Ofsted report.

The new owners, Shazia & Nadeem Hussain, are experienced operators with businesses in the retail and hospitality sectors and this purchased marked their first foray into Childcare. Shazia has firsthand experience caring for children as she ran a successful childminding service for local parents from her home for a number of years.

Jawad Anjum, Finance Consultant at Christie Finance, helped identify and broker the most appropriate funding package to secure this established nursery.

He comments, "I am delighted to have facilitated a funding facility that will see this popular day nursery change hands. Marshmallows is a great opportunity, a managed business that Shazia & Nadeem can enhance even further with their superb business acumen and I wish them every success.
 
In the last couple of months, I have helped a growing number of buyers secure finance to purchase childcare businesses."