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26 September 2016 | Childcare Mortgages

A new day for Purley Day Nursery

Purley Day Nursery and Montessori Centre in Surrey welcomes new owners, Mr & Mrs Olamiju, after Christie Finance helped the husband and wife team source the right bank funding to support the purchase.

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Christie Finance Director John Mitchell, who has many years experience of brokering finance for the nursery sector, was able to guide Mr & Mrs Olamiju through the funding process and secure the  best possible financing terms for his clients.

Opened in1998, Purley Day Nursery established an excellent local reputation and benefits from high demand for its 67 registered places. The nursery was sold by specialist business property adviser, Christie & Co following the decision to sell by the retiring owner after nearly 20 years of ownership.

After discussing the plans to acquire a second business, John advised his clients that it could be possible to raise debt against their existing business to facilitate the acquisition of a second nursery setting.

Commenting on the deal, John said, “It was a great pleasure to help Mr & Mrs Olamiju with the purchase of this business and support them to get their funding in place to takeover Purley Day Nursery. As always, the deal had is complications but with our help we were able to solve some tricky issues with the lender, leaving our clients free to make plans for their new nursery.”